Supreme Court · 1976 INSC 177 · Decided 17 August 1976
Commissioner of Income-Tax, West Bengal-I, Calcutta v. Simon Carves Lmited
- Court
- Supreme Court of India
- Citation
- 1976 INSC 177 · [1977] 1 S.C.R. 207
- Case number
- CIVIL APPEAL No. 1313/1973
- Decided
- 17 August 1976
- Bench
- HANS RAJ KHANNA, R.S. SARKARIA, JASWANT SINGH (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 34, 42, 147(b)
Headnote
B Income-tax (11 of 1922) ss. 34 and 42, Income-tax Act (43 of 1961) s. 147 and Income-tax Rules, 1922, r. 33 corresponding to r. 10 of 1962 Rules-­ One of the methods mentioned in r. 33 applied for asse.\Slncnt-Higher tax liability if another method in rule adopted-If a case of income provides for assessing the income, profits gains deemed to accrue or arise in the taxable territories to a person not resident C in the ta•xable territories. Rule 33 of the 1922-Rules is made for computing the profits and gains of business deemed to accrue or arise in India in cases where
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