Supreme Court · 1962 INSC 315 · Decided 8 November 1962
The Neptune Assurance CO. LTD. v. The Life Insurance Corporation of India and Another
- Court
- Supreme Court of India
- Citation
- 1962 INSC 315 · [1963] SUPP. 1 S.C.R. 980
- Case number
- CIVIL APPEAL No. 386/1961
- Decided
- 8 November 1962
- Bench
- S.K. DAS, J.L. KAPUR, A.K. SARKAR, RAGHUBAR DAYAL (4-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act
Headnote
8. 980 SUPREME COURT REPORTS [1963] SUPP. t THE NEPTUNE ASSURANCE CO. LTD. 'II. THE LIFE INSURANCE CORPORATION OF INDIA AND ANOTHER (S. K. DAS, J. L. KAPUR, A. K. SARKAR and RAGHUBAR DAYAL, JJ.) [n1Jurance-Lifeln1Jurance Corporation-Vesting of rights in Oorpnration--All rights appertaining ( 4 of 1938), ss. 10, 13-!ndian Income-tax Act, 1922 (11of1922), ss. 16 (2), 18,48,49B-Life [n1Jurance Corporation Act, 1956 (31of1956), s. 7. The appellant company was carrying on both life and other kinds of insurance business. On the corning into force of the Life Insurance Corporation Act,
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)