Supreme Court · 1990 INSC 364 · Decided 21 November 1990
Rampur Distillery and Chemicals CO. LTD. v. Commissioner of Income-Tax, Lucknow
- Court
- Supreme Court of India
- Citation
- 1990 INSC 364 · [1990] SUPP. 3 S.C.R. 320
- Case number
- CIVIL APPEAL No. 1762/1975
- Decided
- 21 November 1990
- Bench
- S. RANGANATHAN, K. RAMASWAMY (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 16(2)
Headnote
c D Indian Income Tax Act, 1922-Section 16(2)-Declared dividend -Whe,n assessable to tax. The appellant was a limited company running a distillery, and getting income from a sugar company. The sugar company at an extra­ ordinary general meeting held on January 16, 1952, resolved by a reso­ to the Reserve Fund and, by a subsequent resolution, empowered the Board of Trustees to distribute them . among its shareholders whose names appeared on the register of the company on the said date. On the same day, the Board of Directors of the Sugar Company transferred their holdings of the
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)