Supreme Court · 1973 INSC 27 · Decided 8 February 1973
The Commissioner of Income-Tax, West Bengal, Ii Calcutta v. M/S. Naga Hills Tea CO. LTD.
- Court
- Supreme Court of India
- Citation
- 1973 INSC 27 · [1973] 3 S.C.R. 510
- Case number
- CIVIL APPEAL No. 496/1970
- Decided
- 8 February 1973
- Bench
- K.S. HEGDE, P. JAGANMOHAN REDDY, HANS RAJ KHANNA (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act
Headnote
OF INCOME-TAX, WEST BENGAL, II CALCUITA v. M/S. NAGA HILLS TEA CO. LTD. February 8, 1973 [K. S. I!EGDE, P.,JAGANMOHAN REDDY AND H. R. KHANNA, JJ.l Finnnce Act, 1959, First Schedule, Part 11, Paragl'aph D--Carry over of unabsorbed rebate--Scope of. For the assessment year 1959-60 the was wiardrawn on the ground that there was an unabsorbed reduction of rebate in the assessment year 1957-58. For the assessment year 1958-59 the assessee's assessment disclosed a loss and no corpora- tion tax was legal for that year. It was contended by the assessee that the unab~rbed reduction
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