Supreme Court · 1961 INSC 3 · Decided 10 January 1961
K. A. Ramachar and Another v. Commlssioner of Income Tax, Madras
- Court
- Supreme Court of India
- Citation
- 1961 INSC 3 · [1961] 3 S.C.R. 380
- Case number
- CIVIL APPEAL No. 142/1960
- Decided
- 10 January 1961
- Bench
- J.L. KAPUR, M. HIDAYATULLAH, J.C. SHAH (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 66(1)
Headnote
COURT REPOl{TS [1961] I96I structure. Under these circumstances it would be Th F . -t-N 1. 1 erroneous not to treat the amount of ''Undivided e trs a sona 0 fi , f . f d City Bank ~ ro ts as a part o the cap1tal un . v. In our opinion therefore the amount designated as 1"he Commissioner question which was referred by the Tribunal should have been decided in the affirmative and in favour of the appellant and the amount should have been added to the capital as allowed by R. 2( 1) for the Chargeable Accounting Periods. In the result the appeal is allowed. The appellant will have its
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