Supreme Court · 1962 INSC 31 · Decided 30 January 1962
Employers in Relation to the Bhowra Colliery v. Their Workmen
- Court
- Supreme Court of India
- Citation
- 1962 INSC 31 · [1962] SUPP. 2 S.C.R. 883
- Case number
- CIVIL APPEAL No. 96/1961
- Decided
- 30 January 1962
- Bench
- P.B. GAJENDRAGADKAR, A.K. SARKAR, K.N. WANCHOO (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Industrial Disputes Act
Headnote
SUPREME COURT REPORTS 883 intention was to benefit the assessee Company by the acquisition of a large blook of shares at a very much larger price than obtaining in the m'l.rket, to acquire certain agencies of a profitable character. In our opinion, this transaction must be regarded as one on the intention of setting off the losses against the profits, thus cancelling the profits, and saving them from taxation. In the result, the appeal is allowed with costs on the respondent. Appeal all(JWed. EMPLOYERS IN RELATCON TO THE BHOWRA COLLIERY v. THEIR WORKMEN (P. B. GAJENDRAGADKAR, A. K.
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)