Supreme Court · 1962 INSC 29 · Decided 29 January 1962
The Commissioner of Income Tax, Delhi and Rajasthan v. M/S. National Finance LTD.
- Court
- Supreme Court of India
- Citation
- 1962 INSC 29 · [1962] SUPP. 2 S.C.R. 865
- Case number
- CIVIL APPEAL No. 559/1960
- Decided
- 29 January 1962
- Bench
- S.K. DAS, M. HIDAYATULLAH, J.C. SHAH (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
Headnote
SUPREME COURT REPORTS THE COMMISSIONER OF INCOME TAX, DELHI Al\fD RAJASTHAN v. M/S. NATIONAL FH{ANCE LTD. 865 (S.K. DAs, M. HIDAYATULLAH and J.C. SHAH, JJ.) Income Taa:-OapUal WBB or trading /,ass-Dealer in sparea-Acquisition . of shares tc get agency of company -Sublequent sale of share& was a company dealing in . shares and securities and belonged to a group of companies all controlled by the same persons. In the year of account, corresponding to the assessment year 1951-52, the respondent sold the shares relating to Madhusudan Mills Ltd., which it had acquired sometime
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