Supreme Court · 1975 INSC 91 · Decided 9 April 1975
C. I. T. Madras v. T. V. Sundram Iyengar (P) LTD.
- Court
- Supreme Court of India
- Citation
- 1975 INSC 91 · [1975] SUPP. 1 S.C.R. 93
- Case number
- CIVIL APPEAL No. 1392/1970
- Decided
- 9 April 1975
- Bench
- Y.V. CHANDRACHUD, R.S. SARKARIA, A.C. GUPTA (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 66(2)
Headnote
Indian !ncon1e Tax Act, 1922, s. 23 A-Scope of. Under Section 23A of the Indian Incon1e Tax Act, 1922, if in respect of any previous year the profits and gains distributed as dividends within the 93 A B 12 months immediately fol1owing the expiry of that previous year are Jess than the statutory reduced by the amounts mentioned in els. (a), (b) and (c) and sub-s. (!),the Income Tax Officer shall make an order that the company shall be liable to C pay super-tax at the prescribed rate on the undistributed balance Of the total income of the previous year. According to Explanation 2.
Judgments are the courts' own published copies, provided for study; they are not certified copies. Source: Indian Supreme Court & High Court Judgments, Dattam Labs (CC-BY-4.0)