Supreme Court · 1972 INSC 236 · Decided 27 September 1972
The Commissioner of Income-Tax, Calcutta v. Gillanders Arbuthnot & CO.
- Court
- Supreme Court of India
- Citation
- 1972 INSC 236 · [1973] 2 S.C.R. 437
- Case number
- CIVIL APPEAL No. 1452/1969
- Decided
- 27 September 1972
- Bench
- K.S. HEGDE, P. JAGANMOHAN REDDY, I.D. DUA, HANS RAJ KHANNA (4-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 12B, 34
Headnote
Income-tax Act 1922, Ss. 12B & 34---Capital gains-Transaction whether a sdle, a readjustment or an exchange-Income-tax authorities whethff can go to .-ubstance of transaction apart from legal relationship creat('(/ by transaction-Shares-Full value of-Where there is a he treated as full value-Reopening of assessment-Validity of notice under s. 24(1) (a). The assessce, a registered firm carrying on mostly managing agency hu>ine>1. originally consisted of four partners. By partnership deed dated February 28, 1947, a limited company (whose only
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)