Supreme Court · 1986 INSC 113 · Decided 8 May 1986
Commissioner of Income Tax, Bombay v. H. Holck Larsen
- Court
- Supreme Court of India
- Citation
- 1986 INSC 113 · [1986] 2 S.C.R. 1072
- Case number
- CIVIL APPEAL No. 1954/1974
- Decided
- 8 May 1986
- Bench
- R.S. PATHAK, SABYASACHI MUKHERJI (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Companies Act Section 81
Headnote
F G H 1072 CXJlfISSIOllER OF IN<Xl4E TAX, BOIBAY v. H. HOLCK LARSF.11 M.\Y 8, 1986 [R.S. PATHAK AND SABYASACHI MUKHARJI, JJ,] Income, exlglbllity to tax - Purchase and sale of Right shares acquired under section 81 of the Companies Act, 1956 - Whether the asses see ls a "dealer" ls to nurse investments by acquiring and selling shares - Whether could be_L treated as "plunging in the waters of trade". r The Respondent-assessee was a partner in the firm of t Larsen and Toubro, upto 1946. On 7th/8th February 1946 that firm was converted into a private limited
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