Supreme Court · 1976 INSC 246 · Decided 14 October 1976
Nawn Estates (P) LTD. v. C. I. T., West Bengal
- Court
- Supreme Court of India
- Citation
- 1976 INSC 246 · [1977] 1 S.C.R. 798
- Case number
- CIVIL APPEAL No. 1760/1971
- Decided
- 14 October 1976
- Bench
- HANS RAJ KHANNA, JASWANT SINGH (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Companies Act Section 87(f), 372(11); Income Tax Act Section 66(1)
Headnote
Income lax Act 1922-Sec. 23A(l)~Expln. 2(1) to Sec. 23A(l)­ !'.1eaning of investment Companies, whether restricted to shares stocks and other securities or used in contradistinction with manufacturing processing &: trading operatio11s-lndian Companies Act 1913-Sec. 87(f)-Companies Act terms of art whether to be construed in technical sense or ordinary popular sense as used by bu3i-· ness men-Legislative history as guide to construction-Genesis jlld develop­ ment of law as key to interpretation-Whether EnKlish decisions useful guides or construction of analogous
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