Supreme Court · 1960 INSC 30 · Decided 22 February 1960

The Tinnevelly-Tuticorin Electric Supply CO. LTD., v. Its Workmen

Court
Supreme Court of India
Citation
1960 INSC 30 · [1960] 3 S.C.R. 68
Case number
CIVIL APPEAL No. 23/1958
Decided
22 February 1960
Bench
P.B. GAJENDRAGADKAR, K. SUBBA RAO, K.C. DAS GUPTA (3-judge bench)
Outcome
Dismissed
Case type
Civil
Acts & sections cited
Companies Act; Industrial Disputes Act; Income Tax Act

Headnote

COURT REPORTS [1960] one of the objects of the appellant bank is to carry on the general business of banking and therefore subject Bihar State h C · S · t' A t 't h t C P t . B k to t e o-operat1ve ome ies c , I as o carry on o-o era ive an • • b k Lrd. its business in the exclu­ Kapur]. z960 February 22 sive. Section 12 is a residuary section and does not come into operation until the preceding heads are excluded. Commissioner of Income-tax v. Basant Rai Tak hat Singh (1 ). In our opinion, the High Court was in error in treating interest derived from

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