Supreme Court · 1959 INSC 25 · Decided 26 March 1959
MESSRS. Howrah Trading CO., LTD. v. The Commissioner of Income-Tax, Calcutta
- Court
- Supreme Court of India
- Citation
- 1959 INSC 25 · [1959] SUPP. 2 S.C.R. 448
- Case number
- CIVIL APPEAL No. 65/1956
- Decided
- 26 March 1959
- Bench
- BHUVNESHWAR PRASAD SINHA, J.L. KAPUR, M. HIDAYATULLAH (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Companies Act; Income Tax Act Section 16(2), 66A(2), 18(5)
Headnote
44S StJPREM:rn COURT R:rnPoR'l'S [1959] Supp. MESSRS. HOWRAH TRADING CO., LTD. v. THE COMMISSIONER OF INCOME-TAX, CALCUTTA (B. P. SINHA, J. L. KAPUR and M. HrnAYATULLAH, JJ.) Income-tax-Assessee acquiring shares by blank transfcrs­ Receipt of dividend on s"ch shares-If assessee under "blank transfers" without getting the transfers registered with the companies and it received dividends in respect of these shares. It claimed-that the dividend income should be grossed up under s. 16(2) Income-tax Act and that it should be allowed credit under s. 18(5) for the
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