Supreme Court · 1978 INSC 103 · Decided 4 May 1978
Mangalore Electric Supply CO. LTD. v. The Commissioner of Income Tax, West Bengal
- Court
- Supreme Court of India
- Citation
- 1978 INSC 103 · [1978] 3 S.C.R. 913
- Case number
- CIVIL APPEAL No. 2160/1972
- Decided
- 4 May 1978
- Bench
- Y.V. CHANDRACHUD, D.A. DESAI, R.S. PATHAK (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 12B, 12B(1), 256(2)
Headnote
j 913 MANGALORE ELECTRIC SUPPLY CO. LTD. v. THE COMMISSIONER OF INCOME TAX, WEST BENGAL May 4, 1978 [Y. V. CIL\NDRACHUD, C.J., D. A. DESAr AND R. S. PATHAK, JJ.J bicon1e Tax Act, 1922, S. 12 B(l)-Whether the word 'transfer' occurring, in S. 12 B(J) of the Act refers to voluntary transfers Madras Electricity Supply C Undertakings (Acquisition) Act, 1954, the Government of Madras acquired the appeJlants' undertaking and its properties were taken over on the date of vesting viz. October 15, 1956. As per the option exercised by the appellant under S. 6, the appellant was paid a
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