Supreme Court · 1966 INSC 206 · Decided 6 October 1966
Standard Mills CO. LTD. v. Commissioner of Wealth-Tax, Bombay City
- Court
- Supreme Court of India
- Citation
- 1966 INSC 206 · [1967] 1 S.C.R. 768
- Case number
- CIVIL APPEAL No. 1129/1965
- Decided
- 6 October 1966
- Bench
- J.C. SHAH, V. RAMASWAMI, VISHISHTHA BHARGAVA (3-judge bench)
- Outcome
- Case Partly allowed
- Case type
- Civil
Headnote
MILLS CO. LTD. v. COMMISSIONER OF WEALTH-TAX, BOMBAY CITY October 6, 1966 A [J.C. SHAH, V. RAMASWAMI AND V. BHARGAVA, JJ.j B Wealth Tax Act (27 of 1957), ss. 2(m) and 7(2)(a)-Claim regardillg deductions of estimated inc()me tax and gratuity payable to employees under awards-If a/fowab/e. In the tax for the assessment year, and (ii) the amount of gratuity pay~ble by the company to its em­ ployees under certain industrial awards. HELD : The first claim was allowable but not the second. [776 DJ • Under s. 2(m) of the Act, the Wealth Tax Officer must first determine the aggregate
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)