Supreme Court · 1962 INSC 104 · Decided 20 March 1962
Madanlal Fakirchand Dudhediya v. Shree Changdeo Sugar Mills LLD.
- Court
- Supreme Court of India
- Citation
- 1962 INSC 104 · [1962] SUPP. 3 S.C.R. 973
- Case number
- CIVIL APPEAL No. 64/1959
- Decided
- 20 March 1962
- Bench
- P.B. GAJENDRAGADKAR, A.K. SARKAR, K.N. WANCHOO (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Companies Act
Headnote
3 S.C.R. SUPREME COUH.T REPOH.TS 973 Company and not a sale in the course of business operations, which alone would had attracted t.ax, if profit resulted. In the result, the appeiil fail.-i, ancl is dismiss- ed with costs. · Appeal dismi8sed. MADANLAL FAKfRCHAND DUDHEDIYA v. SHREITI & (2). from profit.o Act, .Wi6 There was an agreement between the respondent com~ pany, which was incorporated as a Private Limited Company in 1939, and its promoters, the appeilant and the rest l)f the respondent~, that in consideration of the promoters having each purchased sharers worth
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