Supreme Court · 1972 INSC 193 · Decided 28 August 1972
Calcutta Tramways CO. LTD. v. Commissioner of Wealth Tax
- Court
- Supreme Court of India
- Citation
- 1972 INSC 193 · [1973] 1 S.C.R. 1033
- Case number
- CIVIL APPEAL No. 28/1969
- Decided
- 28 August 1972
- Bench
- K.S. HEGDE, P. JAGANMOHAN REDDY, HANS RAJ KHANNA (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
Headnote
E F G CALCUTIA TRAMWAYS CO. LTD. v. COMMISSIONER OF WEALTH TAX August 28, 1972 1033 [K. S. HEGpE, P. JAGANMOHAN REDDY AND H. R. KHANNA, JJ.) Wealth Tax Act (27 of. 1957), s. 6-Specia/ reserve fund, and Share­ holders' account 1naintained ar a result of agree111ent lvith Governn1ent proposing of Con1pany. The assessee was a non~resident company for the purpose of Exp\ana~ tion 2 to s. 6 of the Wealth-tax Act, 1957 and was operating a tramway undertaking in Calcutta. The Government of W. Bengal proposed to acquire the \\ndertak.ing and entered into an agreement in 1957 with the
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