Supreme Court · 1960 INSC 102 · Decided 4 May 1960
The Commissioner of Income-Tax, Bombay City v. The Khatau Makanji Spinning and Weaving CO. LTD., BOMBAY.
- Court
- Supreme Court of India
- Citation
- 1960 INSC 102 · [1960] 3 S.C.R. 873
- Case number
- CIVIL APPEAL No. 303/1958
- Decided
- 4 May 1960
- Bench
- S.K. DAS, J.L. KAPUR, M. HIDAYATULLAH (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 3, 66(1)
Headnote
SUPREME COURT REPORTS 873 THE COMMISSIONER OF INCOME-TAX, BOMBAY CITY v. THE KHATAU MAKANJI SPINNING AND WEAVING CO. LTD., BOMBAY. (S. K. DAS, J. L. KAPUR and M. HrnAYATULLAH, JJ.) Income-tax-Additional Income-tax-Total income-Method of computing-Indian Income-tax Act, r922 (II of r922), s. 3-The to Rs. l,87,691 and he levied additional income-tax on it at 5 annas in the rupee after deducting income­ tax borne by the profits of the previous year at 4 annas per rupee, a surcharge of 5 per cent. less rebate of one anna in the rupee as allowed by the Finance Act, 1953· The
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