Supreme Court · 1989 INSC 142 · Decided 26 April 1989
Claggett Brachi CO. LTD., London v. Commissioner of Income-Tax, A.P.
- Court
- Supreme Court of India
- Citation
- 1989 INSC 142 · [1989] 2 S.C.R. 731
- Case number
- CIVIL APPEAL No. 208/1975
- Decided
- 26 April 1989
- Bench
- R.S. PATHAK, RANGANATH MISRA (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 23(3), 147, 148
Headnote
CO. ·LTD., LONDON v. COMMISSIONER OF INCOME-TAX, A.P. APRIL 26, 1989 [R.S. PATHAK, CJ, AND RANQANATH MISRA, J.] ) Indian Income Tax Act, 1922/lncome Tax Act 1961: Section 23(3)/Section 147-149-Reassessment consequent on change in m~thod of computation of profits-Whether permissible-Original business of purchase and sale of tobacco, on its own and for commission, effected purchases through its Indian agents. The agents filed returns of income on behalf of the assessee for the assessment years 1959·60 and 1960-61. The Income-tax Officer completed the assessment D to tax under
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