Supreme Court · 1965 INSC 27 · Decided 9 February 1965
Punjab Distilling Industries LID. v. Commissioner of Income-Tax, Punjab
- Court
- Supreme Court of India
- Citation
- 1965 INSC 27 · [1965] 3 S.C.R. 1
- Case number
- CIVIL APPEAL No. 414/1965
- Decided
- 9 February 1965
- Bench
- K. SUBBA RAO, RAGHUBAR DAYAL, J.R. MUDHOLKAR, R.S. BACHAWAT, V. RAMASWAMI (5-judge bench)
- Case type
- Civil
- Acts & sections cited
- Constitution; Companies Act Section 61(4); Income Tax Act Section 2(6A)(d)
Headnote
India;, Income··t"x Act, 1022 (11 0£ 1922), s. 2(A) (d)--Distribut:on on reduction of company's cap'tal to the extent oJ accnmulated pro­ fits treated as 'dividend'-Si:cli dividend whether 'income' under C Entry 54, List I, Government of India Act, 1935-Section whether of-Whether synonymous with 'paid' or 'credited' in s. 16(2) Gf the Income-tax Act-Notional distribution whether takes place on issue of certificate under s. 61 ( 4) of the Indian Companies Act, 1913. ' The appellant company reduced its capital and the reduction """
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