Supreme Court · 1976 INSC 29 · Decided 16 February 1976
Commissioner of Income Tax Bihar, Patna v. Sahu Jain Limited
- Court
- Supreme Court of India
- Citation
- 1976 INSC 29 · [1976] 3 S.C.R. 398
- Case number
- CIVIL APPEAL No. 761/1971
- Decided
- 16 February 1976
- Bench
- P.K. GOSWAMI, S. MURTAZA FAZAL ALI (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 66(1)
Headnote
F G 398 COMMISSIONER OF INCOME TAX BIHAR, PATNA v. SAHU JAIN LIMITED February 16, 1976 [P. K. GOSWAMI AND S. MURTAZA FAZAL ALI, JJ.) lncon1e Tax Act, 1922-Section 23A(l)-Undistributed profits of a company -Company in which public are substantially interested-Acting in co1Icert­ Rclatio11ship are the family members of ~Ir. S. P. Jain except two employees who held 20 out of 50,000 shares and excepting the three Companies ,.vhich were also sister concerns. Under s. 23A of the lncome Tax Act. 1922, prior to its amendment in the year 1955, where the Income Tax Officer is satisfied that in
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)