Supreme Court · 1967 INSC 93 · Decided 6 April 1967
Travancore-Cochin Chemicals (P.) LTD. v. Commissioner of Wealth-Tax, Kerala
- Court
- Supreme Court of India
- Citation
- 1967 INSC 93 · [1967] 3 S.C.R. 448
- Case number
- CIVIL APPEAL No. 405/1966
- Decided
- 6 April 1967
- Bench
- J.C. SHAH, S.M. SIKRI, V. RAMASWAMI (3-judge bench)
- Outcome
- Case Partly allowed
- Case type
- Civil
- Acts & sections cited
- Companies Act Section 25
Headnote
CHEMICALS (P.) LTD. v. COMMISSIONER OF WEALTH-TAX, KERALA April 6, 1967 [J. C. SHAH, S. M. SIKRI AND V. RAMASWAMI, JJ.J A Wealth Tax Act (27 of 1957), s. 45(d), proviso-Company incorpo- B rated on one date and commencing business on a later date-When "'estab/ished"-Meaning of was completed in December 1953 and production conunenced from 1-1·1954. On the question whether the company was established on 8th November, 1951, C the date of its incorporation and was therefore liable to pay wealth tax for the assessment years 1957-58, 1958-59 and 1959-60, on the
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