Supreme Court · 1970 INSC 120 · Decided 30 April 1970
RM. Ramanathan Chettiar ETC. v. Commissioner of Income Tax, Madras
- Court
- Supreme Court of India
- Citation
- 1970 INSC 120 · [1971] 1 S.C.R. 465
- Case number
- CIVIL APPEAL No. 710/1967
- Decided
- 30 April 1970
- Bench
- J.C. SHAH, K.S. HEGDE, A.N. GROVER (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 23(5)(a), 66(1)
Headnote
F G RM. RAMANA TIIAN CHETIIAR ETC. v. COMMISSIONER OF INCOME TAX, MADRAS April 30, 1970 [J. C. SHAH, K. S. HEGDE AND A. N. GROVER, JJ.J 465 Jncome-ta:c Act (1922) ss. 4(1) (c) and 23(5)(a) second proviso-­ Share of income derived outside taxable territories by firm included in income of in India and Malaya. The entire income of the firm for the assessment year 1956- 57 accrued outside India. Since before the Finance Act, 1956, under s. 23(5)(a) of the Income-tax Act, 1922, the firm did not itsel'f pay the tax on its income, but each partner's share in the firm's profits was
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