Supreme Court · 1999 INSC 42 · Decided 4 February 1999
Commissioner of Income Tax, Calcutta v. Sugauli Sugar Works {P) LTD.
- Court
- Supreme Court of India
- Citation
- 1999 INSC 42 · [1999] 1 S.C.R. 400
- Case number
- CIVIL APPEAL No. 2344/1992
- Decided
- 4 February 1999
- Bench
- M. SRINIVASAN, U.C. BANERJEE (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Limitation Act; Income Tax Act Section 41
Headnote
Income Tax Act, 1961 : Section 41-Applicability of-Necessary condition for. Assessee-Respondent-Private Limited Company-Assessment year 1965-66-Assessment of tevt-Assessee transferred a sum of Rs. 3,45,000 out of the suspense account running from 1946-47 to 1948-49 to the capital reserve · was D with reference to the deposits and advances which had been paid back and therefore he included a sum of Rs. 2,56,529 under Section 41 of the Income Tax Act in the total income of the assessee-On appeal by assessee Appellate Assistant Commissioner confirmed the Order of I.T.0.-Tribunal
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)