Supreme Court · 1964 INSC 152 · Decided 7 May 1964

Commissioner of Income-Tax, Madras v. Express Newspapers LTD., Madras

Court
Supreme Court of India
Citation
1964 INSC 152 · [1964] 8 S.C.R. 189
Case number
CIVIL APPEAL No. 596/1963
Decided
7 May 1964
Bench
K. SUBBA RAO, J.C. SHAH, S.M. SIKRI (3-judge bench)
Outcome
Dismissed
Case type
Civil
Acts & sections cited
Income Tax Act

Headnote

SUPREME COURT REPORTS COMMISSIONER OF INCOME-TAX, MADRAS v. EXPRESS NEWSPAPERS LTD., MADRAS (K. SUBBA RAO, J. C. SHAH AND S. M. SIKRI. JJ.) 111con1e-tax-Sale of 111achiner)' after cfO.H! of busi111'.~s-A:no1111t i11 excess received 01·er written dow1t 1·11/11c a11d 01·er Ifie 011d prvri!>·o. The Free Press Company was a private limited conipany carrying on business ".\S printers and publishers of certain newspaper~. On • .\ugust 31, 1946, tl: Free Press Company transferred the right 10 print and publish the newspapers to the assessee company and

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