Supreme Court · 1960 INSC 103 · Decided 4 May 1960
The Commissioner of Income-Tax, Bombay v. The Jalgaon Electricity Supply CO., LTD.
- Court
- Supreme Court of India
- Citation
- 1960 INSC 103 · [1960] 3 S.C.R. 880
- Case number
- CIVIL APPEAL No. 477/1957
- 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
Headnote
/Jombay City v. Khalau Makanji Spinning & Weaving Co. Ltd. JI idayatullah J. 1960 May4. 880 SUPREME COURT REPORTS [1960] of the previous year, and it would not cover some­ thing which is not the income of the previous year, or made fictionally so. The Finance Act could have gone not do so. The Finance Act could have also resorted 1;o some other fiction, which might conceivably have met the case; but it has failed to do so. Even if one considers the dividends as having come out of the profits of preceding years, they do not become the income of the relevant pre­ vious
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