Supreme Court · 1965 INSC 226 · Decided 26 October 1965
The Commissioner of Income Tax (Central) Calcutta v. Standard Vacuum Oil Company
- Court
- Supreme Court of India
- Citation
- 1965 INSC 226 · [1966] 2 S.C.R. 367
- Case number
- CIVIL APPEAL No. 268/1964
- Decided
- 26 October 1965
- Bench
- K. SUBBA RAO, J.C. SHAH, S.M. SIKRI (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Companies Act
Headnote
• A THE COMMISSIONER OF INCOME TAX (CENTRAL) CALCUTTA v. B STANDARD VACUUM OIL COMPANY October 26, 1965 c D E F G [K. SUBBA RAo, J. C. SHAH AND S. M. S!KRI, JJ.J Business Pro.fits Tax Act, 1947- Schedule 1/, rules 2(1) and (3)­ "Premium" and "reserv,es" in conzputation State of Delaware in the United States of America with the object of taking over the assets of two other American companies in return for stock in the assessce. company. Upon the acquisition, although the book value of the assets taken over from each of the two transferor companies was different,
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)