Supreme Court · 1966 INSC 8 · Decided 13 January 1966
Commissioner of Lncome-Tax, Bombay City v. Tata Locomotive & Engineering CO., LTD.
- Court
- Supreme Court of India
- Citation
- 1966 INSC 8 · [1966] 3 S.C.R. 235
- Case number
- CIVIL APPEAL No. 236/1965
- Decided
- 13 January 1966
- Bench
- K. SUBBA RAO, J.C. SHAH, S.M. SIKRI (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Companies Act; Income Tax Act
Headnote
F G \ H COMMISSIONER OF lNCOME-TAtX, BOMBAY CITY v. TATA LOCOMOTIVE & ENGINEERING CO., LTD. Jqnuary 13, 1966 [K. SUBBA RAO, J.C. SHAH ANDS. M. SIKRI, JJ.J Income Tux-Conimission received in U.S.A.-Kept in U.S.A. for buying capital goods with sanction of Reserve Bank-Amount later repa­ of locomotive boilers and locomotives, and for that purpose the assessee had to make purchases of plant and machinery, in various countries including the U.S.A. The .. sessee appointed M/s. Tata Inc., New York, as its purchasing agent in the U.S.A. The assessee was also the selling agent
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)