Supreme Court · 1998 INSC 479 · Decided 14 December 1998
Commissioner of Income Tax v. G. Narshimhan (Died) BY Heirs
- Court
- Supreme Court of India
- Citation
- 1998 INSC 479 · [1998] SUPP. 3 S.C.R. 532
- Case number
- CIVIL APPEAL No. 6799/1983
- Decided
- 14 December 1998
- Bench
- SUJATA V. MANOHAR, AJAY PRAKASH MISRA (2-judge bench)
- Outcome
- Case Partly allowed
- Case type
- Civil
- Acts & sections cited
- Companies Act Section 205; Income Tax Act Section 2(22)(e), 194, 2(22)(d)
Headnote
OF INCOME TAX v. G. NARSHIMHAN (DIED) BY HEIRS DECEMBER 14, 1998 B [SUJA TA V. MANOHAR AND A.P. MISRA, JI.] Income Tax Act, 1961: Sections 2(22)(e) and 194-Dividend-Deemed dividend-Treatment C of in computing accumulated profits of the company-Private limited company reducing its share year-Held, the amounts have to be treated as dividend for all D purpose and would reduce the accumulated profits (whether capitalised or not ) and be considered as ac/justed against the accumulated profits to the extent it is treated a deemed dividend-Income Tax-Accumulated profits­
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