Supreme Court · 1957 INSC 48 · Decided 15 May 1957
Commissioner of Income-Tax, Bombay v. The Provident Investment CO., LTD.
- Court
- Supreme Court of India
- Citation
- 1957 INSC 48 · [1957] 1 S.C.R. 1141
- Case number
- CIVIL APPEAL No. 179/1954
- Decided
- 15 May 1957
- Bench
- NATWARLAL HARILAL BHAGWATI, S.K. DAS, J.L. KAPUR (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 66A, 12B
Headnote
SUPREME COURT REPORTS COMMISSIONER OF INCOME-TAX, BOMBAY ti. • THE PROVIDENT INVESTMENT CO., LTD. '[BHAGWATI, S. K. DAs and J. L. KAPUR JJ.J 1141 Income Tax-Capital gains-Managing agent of company holding shares therein-Agreement of sale of shares and Managing Agency-Sale of parties-Indian Income-tax Act, 1922 (XI of 1922), s. 128. The respondent company was the managing agent ot two other companies holding certain shares therein. D wrote two letters to the responJ~nt on September 14, 1946, offering to purchase some of those shares together with the managing agency
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)