Supreme Court · 1986 INSC 153 · Decided 31 July 1986
Commissioner of Income Tax, Kanpur v. Tiie Elgin Mills LTD., Kanpur
- Court
- Supreme Court of India
- Citation
- 1986 INSC 153 · [1986] 3 S.C.R. 408
- Case number
- CIVIL APPEAL No. 1665/1974
- Decided
- 31 July 1986
- Bench
- R.S. PATHAK, SABYASACHI MUKHERJI, K.N. SINGH (3-judge bench)
- Case type
- Civil
Headnote
Companies (Profits) Surtax Act, 1964, Schedule 2 Rule }­ ''Investment reserve'', ''rehabilitation reserve'', ''capital reserve'', "depreciation reserve" and "forfeited dividends" -Whether statutory deductions--''provision" and "reserve" -Distinction between. Revenue with regard to the computation of "standard deductions" under the provision of Companies Profits (Surtax) Act, 1964. The respondent-assessee claimed that the three amounts in respect of three accounts, namely, (a) investment reserve (b) rehabilitation reserve and ( c) forfeited
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)