Supreme Court · 1968 INSC 215 · Decided 30 August 1968
Laxmipat Singhania v. Commissioner of Income-Tax, U.P.
- Court
- Supreme Court of India
- Citation
- 1968 INSC 215 · [1969] 1 S.C.R. 904
- Case number
- CIVIL APPEAL No. 1188/1967
- Decided
- 30 August 1968
- Bench
- J.C. SHAH, V. RAMASWAMI, A.N. GROVER (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 23A
Headnote
SINGllANIA v. COM.'\IISSl01''ER (>I' INCOME-TAX, U.P. August 30, 1968 fJ. C. SHAH, V. RAMASWAM! A~D A. N. GROVER, JJ.) lnconzc-ta.x Act (11 of 1922), s. 28A---Ord£'r by Jnco,ne-tax Officer that inconie of conzpany deen1ed to be distributed a111ong slu:rcho/ders - Asses.nnent of A B slU1re/ioldcrs for that year-If permissible. c lbc appellant was a 5hareholder in a company in which 'the pub'io v;cre not suhstanrially interested' \li'ithin lhe meaning of s. 23A of the Income-tax • .\ct, 1922. At the company's gert.:ral meeting held on April 22, 1939, the
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