Supreme Court · 1986 INSC 209 · Decided 30 September 1986
Brooke Bond & Company LTD. (Now Known As Brooke Bond Leibig Limited) v. C.I.T. West Bengal-Ii, Calcutta
- Court
- Supreme Court of India
- Citation
- 1986 INSC 209 · [1986] 3 S.C.R. 980
- Case number
- CIVIL APPEAL No. 2020/1974
- Decided
- 30 September 1986
- Bench
- R.S. PATHAK, SABYASACHI MUKHERJI (2-judge bench)
- Outcome
- Case Partly allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 6, 24(2), 33A
Headnote
Indian Income Tax Act, 1922--Sections 6, 24(2) & 33A-Asses­ see-Dividend income shown in return under head 'income from other sources'-Whether could be computed under head 'income from· ,business'. The appellant, a sterling company carrying on business in tea D with its Head Office in the shares of other tea companies in different parts of the world, and had a hundred per cent share holding in an Indian subsidiary. E F The appellant was assessed under the Indian Income Tax Act 1922. For the assessment year I955-56 the appellant was assessed on its total world income on the
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