Supreme Court · 1992 INSC 5 · Decided 14 January 1992
Indian Tube CO. (P) LTD v. Commissioner of Income-Tax, Calcutta
- Court
- Supreme Court of India
- Citation
- 1992 INSC 5 · [1992] 1 S.C.R. 22
- Case number
- CIVIL APPEAL No. 1254/1976
- Decided
- 14 January 1992
- Bench
- K. RAMASWAMY, B.P. JEEVAN REDDY (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 18, 261
Headnote
TUBE CO. (P) LTD. v. COMMISSIONER OF INCOME-TAX, CALCUTI A JANUA,RY 14, 1992 B [K. RAMASWAMY AND B. P. JEEVAN REDDY, JJ.) c D E F G H Companies (Profit) Sur Tax Act, 1964 Sections-2 (b), 4, 18--Payment of dividend-Recommendation of Board of Directors-Whether reserve-­ Whether to be taken ous year relevant to the assessment year of the paid up capital, the reserve, the debentures etc. under Rule 1 of Second Schedule to the Sur­ tax Act is the calendar year 1963. The assessment year is 1964-65. The position of the capital was to be considered as on the 1st day of
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