Supreme Court · 1964 INSC 141 · Decided 29 April 1964
Commissioner of Income-Tax, Madras v. Sjvakasi Match Export Company
- Court
- Supreme Court of India
- Citation
- 1964 INSC 141 · [1964] 8 S.C.R. 18
- Case number
- CIVIL APPEAL No. 700/1963
- Decided
- 29 April 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
Madras v. Amrutan;an Ltd. Shah J. 1964 April, 29. 18 SUPREME COURT REPORTS But even that argument is of no value, for twenty-five per cent of the voting power attached to the ordinary shares is not exercisable by the public. Thi3, tlm·efore, is a case in which shares not entitled to a fixed the public. The Explanation, therefore, has no operation. Whether in view of the third proviso the company may be regarded as one in which the public are substantially interested, is a question to which no attention was paid by the Tribunal. Whether in fact there exists such a control·
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)