Supreme Court · 1959 INSC 38 · Decided 20 April 1959
Commissioner of Income-Tax, West Bengal v. Calcutta National Bank Limited (In Liquidation)
- Court
- Supreme Court of India
- Citation
- 1959 INSC 38 · [1959] SUPP. 2 S.C.R. 660
- Case number
- CIVIL APPEAL No. 4/1956
- Decided
- 20 April 1959
- Bench
- BHUVNESHWAR PRASAD SINHA, J.L. KAPUR, M. HIDAYATULLAH (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 66(r)
Headnote
20. 660 SUPREME COURT REPORTS [1959] Supp. COMMISSIONER OF INCOME-TAX, WEST BENGAL v. CALCUTTA NATIONAL BANK LIMITED (IN LIQUIDATION) (B. P. SINHA, J. L. KAPUR and M. HIDAYATULLAH, JJ.) Excess Profits Tax-Rental income-Banking Company letting out a part of its own premises-Liability-Excess Profits 86,ooo received by it as rent in respect of the major part of a six-storeyed building owned and constructed by it, which it had let out, the rest being occupied by its headquarters in Cal­ cutta. The Department and the Income-tax Appellate Tribunal found against the respondent but the High
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)