Supreme Court · 1953 INSC 58 · Decided 8 October 1953
Commissioner of INCOME-TAX. West Bengal v. Messrs .JEEWANLAL LTD.
- Court
- Supreme Court of India
- Citation
- 1953 INSC 58 · [1954] 1 S.C.R. 189
- Case number
- CIVIL APPEAL No. 78/1952
- Decided
- 8 October 1953
- Bench
- M. PATANJALI SASTRI, SUDHI RANJAN DAS, VIVIAN BOSE, NATWARLAL HARILAL BHAGWATI, P.N. BHAGWATI (5-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Companies Act Section 80; Income Tax Act Section 66(1)
Headnote
S.C.R. SUPREME COURT REPORTS 189 COMMISSIONER OF INCOME-TAX. WEST BENGAL v. MESSRS .• TEEW ANLAL LTD. [PATANJALI SASTRI C.J., S. R. DAS, V1VIAN BosR, GHULAM HASAN and BHAGWATI JJ.] Excess Profits Tare Act (XV of 1940), s. 2(11)-Director con­ trolled company-Definition-Directors controlling interest therein" for the purposes of the Excess Profits Tax Act, 1940, only if the directors thereof hold, and are entered in the share register as holders of, a majority of the vote-carrying shares of the company. It is not necessary that they must have a beneficial interest in
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)