Supreme Court · 1979 INSC 261 · Decided 5 December 1979
Rameshwar Lal Sanwarmal v. Commissioner of Income-Tax, Assam
- Court
- Supreme Court of India
- Citation
- 1979 INSC 261 · [1980] 2 S.C.R. 369
- Case number
- CIVIL APPEAL No. 133/1979
- Decided
- 5 December 1979
- Bench
- P.N. BHAGWATI, R.S. PATHAK (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 2(6A)(e)
Headnote
369 Jnd~an Income Tax Act 1922-Section 2(6A) (e)-Scope of-Shares in a company registered i'n the name of Karta of HUF-Company advanced loans to business co11ctrns of HUF-/oans--if "deemed dividend". The assessee, a liindu Undivided Family, owned certain Shares in a private A 8 limited C the shares were beneficially owned by the Hindu Undivided Family, they stood registered in the name of its Karta. From out of its accumulated profits the company gave loans, in the assessment yea·r 1956-57, to three business concerns which \Vere owned by the assessee. Section 2(6A) (e) of
Judgments are the courts' own published copies, provided for study; they are not certified copies. Source: Indian Supreme Court & High Court Judgments, Dattam Labs (CC-BY-4.0)