Supreme Court · 1997 INSC 498 · Decided 8 May 1997
Commissioner of Income Tax, Bihar v. Bankipur Club LTD.
- Court
- Supreme Court of India
- Citation
- 1997 INSC 498 · [1997] SUPP. 1 S.C.R. 263
- Case number
- CIVIL APPEAL No. 854/1994
- Decided
- 8 May 1997
- Bench
- K.S. PARIPOORNAN, S. SAGHIR AHMAD (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Companies Act Section 25; Income Tax Act Section 28(i)
Headnote
Income Tax Act, 1961: Section 28(i). A B Income tax-AYs. 1960-61 to 1964-65, 1974-75 to 1976-77, 1982-83, 1985-86 to 1989-90-Member's clubs/social action groups-Registered as non- C profit companies under S.25 of Companies Act-Such clubs received from their members amounts for supply of drinks, to members or by way of admission fees and periodical subscriptions-Memoranda of Association provided for distribution amongst members, or transfer to· a similar associa- D tion as detennined by members, of the surplus amount, if any, on winding up or dissolution of clubs-Profits-Surplus
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)