Supreme Court · 1971 INSC 294 · Decided 22 October 1971
Ellerman Lines LTD. v. C.I.T. West Bengal, Calcutta
- Court
- Supreme Court of India
- Citation
- 1971 INSC 294 · [1972] 2 S.C.R. 168
- Case number
- CIVIL APPEAL No. 2459/1968
- Decided
- 22 October 1971
- Bench
- K.S. HEGDE, A.N. GROVER (2-judge bench)
- Outcome
- Case Partly allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 5(8), 10(2)(vib)
Headnote
Income-tax Act, 1922, ss. 5(8), 10(2) (vib)-lndian Income-tax Ru/es, 1922, r. 33-Non-resident shippin11 company-Computation of turnover­ Ratio certificate issued by U.K. Chief Inspector of Taxes mentioning in· vestn1ent ollowance granted by U.K. authorities-In assessing Indian in-­ Act) whether to be taken into consi­ deration-Effect of circular bv Central Board of Revenue. Under a circular issued in 1962 by the Central Board of Revenue under s. 5(8) of the Indian Income-tax Act, 1922 the assessing authorities were directed to permit British Shipping Companies to
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