Supreme Court · 1993 INSC 142 · Decided 6 April 1993
Salem Cooperative Central Bank Limited v. Commissioner of Income Tax, Madras
- Court
- Supreme Court of India
- Citation
- 1993 INSC 142 · [1993] 2 S.C.R. 997
- Case number
- CIVIL APPEAL No. 2169/1993
- Decided
- 6 April 1993
- Bench
- B.P. JEEVAN REDDY, N. VENKATACHALA (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 86(i), 256
Headnote
CENTRAL BANK LIMIJ'ED A v. COMMISSIONER OF INCOME TAX, MADRAS' APRIL 6; 1993 [B.P. JEEVAN REDDY AND N. VENKATACHALA, JJ.) • B Income Tax Act, 1961: Sections 86(i) and 256--Cooperative Society carrying on banking busi­ ness--Business income exempt from income·t~nterest 011 Tribunal to consider all poin.ts whether additional surcharge attracted--Whether High CouTt exceeded the reference jurisdiction. · D The appellant-assessee was. a cooperative society engaged in the business or banking. The previous year relevant to the assessment year 19634i4 was the
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