Supreme Court · 2000 INSC 576 · Decided 7 December 2000
Commissioner of Income Tax, Trivandrum v. M/S Tranvancore Titanium Products LTD.
- Court
- Supreme Court of India
- Citation
- 2000 INSC 576 · [2000] SUPP. 5 S.C.R. 461
- Case number
- CIVIL APPEAL No. 3825/1999
- Decided
- 7 December 2000
- Bench
- S.P. BHARUCHA, D.P. MOHAPATRA, Y.K. SABHARWAL (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 256(1)
Headnote
TAX, TRIV ANDRUM v. M/S TRANVANCORE TITANIUM PRODUCTS LTD. Surtax : DECEMBER 7, 2000 [S.P. BHARUCHA. D.P. MOHAPATRA AND Y.K. SABHARWAL. JJ.) A B Companies (Profits) Surtax Act, 1964-Section 18-Capital·- C Computation of. -Amount lying in loan Redemption Reserve Account-Reserve or loan of Rs. 491 lakhs from State Government over a period from 1968 to 1983 for expansion of its plant. Amount outstanding towards principal to the State Government was Rs. 143 lakhs for the financial year 1986-87. An amount of Rs. I Crore was lying in 'Loan Redemption Reserve' account. In
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