Supreme Court · 1966 INSC 17 · Decided 17 January 1966
Travancore Titanium Products LTD. v. Commissioner of Income-Tax, Kerala
- Court
- Supreme Court of India
- Citation
- 1966 INSC 17 · [1966] 3 S.C.R. 321
- Case number
- CIVIL APPEAL No. 235/1963
- Decided
- 17 January 1966
- Bench
- K. SUBBA RAO, J.C. SHAH, S.M. SIKRI (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 10(2)(xv)
Headnote
> • • A TRAVANCORE TITANIUM PRODUCTS LTD. v. COMMISSIONER OF INCOME-TAX, KERALA January 17, 1966 [K. SUBBA RAo, J.C. SHAH AND S.M. Snoo JJ.] B Income Tax Act, 1922 (11 of 1922), s. 10(2) (xv)-Wea/th-tax paid c D E F G H on assets owned for purpose of business-Whether a pennissib/e of liability for payment of tax under the Wealth Tax Act, 27 of 1957 incurred by the company. Tho order of the Income Tax Officer was confirmed in appeal by the Appellate Assist­ ant Commissioner, the Tribunal and, on a reference, by the High Court. It was contended by the appellant
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