Supreme Court · 1965 INSC 76 · Decided 22 March 1965

Commissioner of Income-Tax, West Bengal Calcutta v. Gungadhar Banerjee and CO. (P) LTD

Court: Supreme Court of India
Citation: 1965 INSC 76 · [1965] 3 S.C.R. 439
Case number: CIVIL APPEAL No. 807/1963
Decided: 22 March 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 23A

Headnote

OF INCOME-TAX, WEST BENGAi., B c D E F G R CALCUTTA v. GUNGADHAR BANERJEE AND CO. (P) LTD. March 22, 1965 IK. SUBBA RAo. J. C. SHAH AND S. M. SIKRI, JJ.J Indian Income-tax Act, 1922 (11 of 1922), s. 23A-Dividend-Dis- tribution-Burden of showing whether low-Circumstances to be con- General" Body Meeting was below 60 per cent of the profits available for distribution, the Income-Tax Officer, with the previous approval of the Inspecting Assistant Commissioner, passed an order under s. 23-A of the Income-Tax Act directing that a certain higher amount shall be deemed to

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