Supreme Court · 1972 INSC 199 · Decided 29 August 1972
M/S. E. D. Sasoon & CO. LTD. Bombay v. The C.I.T. Bombay City
- Court
- Supreme Court of India
- Citation
- 1972 INSC 199 · [1973] 1 S.C.R. 1084
- Case number
- CIVIL APPEAL No. 26/1969
- Decided
- 29 August 1972
- Bench
- K.S. HEGDE, P. JAGANMOHAN REDDY, HANS RAJ KHANNA (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act
Headnote
Jncome·t~ Act 1922, S. 25(3)-Company taking over several busi­ nesses carried on by a firm which had paid tax under the Act of 1918- Whet)'ler shares & securities business taken over-If one o} several 'busi­ nesses not taken over whether company can claim benefit under section firm towards the end of 1920. 1b.e firm had carried on b\$iness as Dankers, commission agents, agents of join~ stock companies and dealers in sharel and secwities, foreign exdlange etc., in and ounrlde India. Pursuant to . the agreement of purchase the appellant company took over the
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)