Supreme Court · 1961 INSC 355 · Decided 20 December 1961
The War Profits Tax Commissioner v. M/S. Binodieram Balchand
- Court
- Supreme Court of India
- Citation
- 1961 INSC 355 · [1962] SUPP. 2 S.C.R. 243
- Case number
- CIVIL APPEAL No. 225/1960
- Decided
- 20 December 1961
- Bench
- P.B. GAJENDRAGADKAR, A.K. SARKAR, K.N. WANCHOO, K.C. DAS GUPTA, N. RAJAGOPALA AYYANGAR (5-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
Headnote
'SUPREME COURT REPORTS . 243 THE WAR PROFITS TAX COMMISSIONER v. ~1/s. BINODIEtAM BALCHAND (P. B. GAJENDRAGADKAR, A. K. SARKAR, K. N. WANCHOO, K. C. DAS GUPTA and N. RAJAGOPALA AYYANGAR. JJ.) War Pr~{ifs Tax-Tax on excess-Profits Managing agent of company-holding majority of it.s shares-Dividend Samvat 2001, "'·'· 2(5). 2 (14). 2(16).4 (I). 50, &h. I r. 3 Ill Rule 3 (I) of sch. I of the Gwalior War Profits Tax Ordinance, Samvat 2001, provided: "Income received, from investments shall be included in the profits of a business lia­ ble to the \Var
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