Supreme Court · 1965 INSC 260 · Decided 23 November 1965
Commissioner of Income-Tax, Kerala v. South Indian Bank LTD. Trichur
- Court
- Supreme Court of India
- Citation
- 1965 INSC 260 · [1966] 2 S.C.R. 674
- Case number
- CIVIL APPEAL No. 842/1964
- Decided
- 23 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 8, 60A
Headnote
Indian 111come-tax Act, 1922, s. 8-lnterest on securities-Claim of rebate under notification issued under s. 60A-Rebate wherher to be al­ lowtd after deduction of amount spent in earning the interest, The respondent was a banking company. During the accounting year for the assessment year of tax free securities, and claimed rebate for the whole amount under the notification issued by the Central Government in exercise of its power under s. 60-A of the Indian Income-tax Act, 1922. The Income-tax Officer however, while completing the assessment allowed rebate only on the amount
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)