Supreme Court · 1957 INSC 40 · Decided 24 April 1957
The Commissioner of Excess Profits Tax, West Bengal v. The Ruby General Insurance CO., LTD.
- Court
- Supreme Court of India
- Citation
- 1957 INSC 40 · [1957] 1 S.C.R. 1002
- Case number
- CIVIL APPEAL No. 12/1955
- Decided
- 24 April 1957
- Bench
- NATWARLAL HARILAL BHAGWATI, T.L. VENKATARAMA AIYYAR, J.L. KAPUR (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act
Headnote
COURT REPORTS [1957] THE COMMISSIONER OF EXCESS PROFITS TAX, WEST BENGAL ti. THE RUBY GENERAL INSURANCE CO., LTD. (BHAGWATI, VENKATARAMA AYYAR and J. L. KAPUR JJ.) Excess Profits Tax-Insurance company-Premium receipts­ R~scrve for unexpired risks on pending policies-Whether "accruing respondent was a company carrying on life, fire, marine anJ general insurance business, and the question for detennina­ tion related to the assessment of excess profits tax on its income other th:'!n life insurance. The n1ethod adopted by the company with respect to fire insurance policies
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