Supreme Court · 1960 INSC 29 · Decided 22 February 1960
The Bihar State Co-Operative Bank LTD. v. The Commissioner of Income-Tax
- Court
- Supreme Court of India
- Citation
- 1960 INSC 29 · [1960] 3 S.C.R. 58
- Case number
- CIVIL APPEAL No. 228/1958
- Decided
- 22 February 1960
- Bench
- J.L. KAPUR, A.K. SARKAR, M. HIDAYATULLAH (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 12, 23(3), 60, 8
Headnote
COURT REPORTS [1960] z960 view of this Mr. Palkiwala for the Managed Company did not press C. A. No. 323 of 1957, which is therefore Commissioner af b "11 b h · · Income-tax. dismissed ut the parties w1 ear t. eir own costs m Bombay North that case because the result of that OF INCOME-TAX (J. L. KAPUR, A. K. SARKAR AND M. HIDAYATULLAH, JJ.) Income Tax-Co-operative Bank-Interest received on deposits with other banks-Exemption from taxation under Notification­ Indian Income-tax Act, r922 (XI of r922) ss. IO, I2. The Appellant Bank which was registered
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)