Supreme Court · 1972 INSC 299 · Decided 11 December 1972
Shere Punjab Silk Stores, Delhi v. Commissioner of Income-Tax, Delhi
- Court
- Supreme Court of India
- Citation
- 1972 INSC 299 · [1973] 3 S.C.R. 76
- Case number
- CIVIL APPEAL No. 1690/1969
- Decided
- 11 December 1972
- Bench
- K.S. HEGDE, P. JAGANMOHAN REDDY (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Registration Act; Income Tax Act Section 26(A), 26A
Headnote
A Incmm Tax Act (11 of 1922) s. 26 A and Income Tax R11les, 1922 B rr. 2, 3 and 6-A.pplication for renewal of registration-Division of pi .... rious year's profits-:-If incu111be11t before application is 1nade. The assessee firm applied for renewal of its registration under s.26.A, Income Tax Act, year, which ended on March 31, 1958, had been divided amon& the partners. The Department Tribunal and the High Court did not beline that the previous year's income had been divided and rejected the C application. Dismissing the appeal to this Court, HELD : From a reading of the section and
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