Supreme Court · 1976 INSC 127 · Decided 26 April 1976
Tea Estate India (P) LTD. v. Commissioner of Income-Tax
- Court
- Supreme Court of India
- Citation
- 1976 INSC 127 · [1976] SUPP. 1 S.C.R. 145
- Case number
- CIVIL APPEAL No. 1491/1971
- Decided
- 26 April 1976
- Bench
- HANS RAJ KHANNA, P.K. GOSWAMI (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 2(1), 2(4A), 2(6C), 2(3)(8), 2(6A)
Headnote
145 4 " Income Tax Act 1922-Sec. 2(1), 2(4A), 2(6C), 2(3)(8) and 2(6A) C. Incon1e Tax Rules 1922-Rules 23 and 24-Dividends-Accumulated profits -Conzposite business activity including a!ricultural and non-agricul1ural­ Exccss over book value on Land account-Profit and loss account-General court can add words to a section. The assessee company held ~ertain shares in Dibru Darang Tea Co. Ltd. (D.D.T. Company) and Taikron Tea Company Ltd. (IT Company). Both the companies were companies growing, manufacturing and s~Uing tea and A B c owned large tea estates consisting of
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