Supreme Court · 1965 INSC 235 · Decided 1 November 1965
Commissioner of Income Tax, Calcutta v. Jaipuria China Clay Mines (P) LTD.
- Court
- Supreme Court of India
- Citation
- 1965 INSC 235 · [1966] 2 S.C.R. 449
- Case number
- CIVIL APPEAL No. 307/1964
- Decided
- 1 November 1965
- Bench
- K. SUBBA RAO, J.C. SHAH, S.M. SIKRI (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 10(2)(vi), 66
Headnote
Income Tax Act 1922-s. 10(2) (vi), proviso (b)-Unahsorbed de­ preciation for previous years~Whether can be set off against profits under other heads than those of the business-.1'. 24(2) Effect of. The Income Tax Officer, after deducting depreciation for the year and an amount in respect of assessee for 1952-53 as nil. He then computed the dividend income at Rs. 2,01,130 and determined the total income at this figure and levied tax on it. The assessee had in its favour unabsorbed depreciation relating to earlier year aggregating to Rs. 76,857 and contended that this amount should be
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)