Supreme Court · 1975 INSC 309 · Decided 9 December 1975
Union of India & Others v. Coromandel Fertilizers Limited & ANR.
- Court
- Supreme Court of India
- Citation
- 1975 INSC 309 · [1976] 2 S.C.R. 894
- Case number
- CIVIL APPEAL No. 969/1975
- Decided
- 9 December 1975
- Bench
- P.K. GOSWAMI, N.L. UNTWALIA (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 80A(2), 80K
Headnote
Income Tax A.ct ( 43 of 1961), ss. 80J and SOK-Scope of-No deductio11 from Compan;y's income under s. SOJ because Company had 110 taxable income -If Company entitled not to deduct tax at source from the dividend income of ~ share-holder. Section 80A(2), Income Tax Act, 1961, provides that the VIA shall not exceed the gross total mcome of t_he assessee. Under s. SOJ(l), which is in Chapter VIA, where the gross total m- ' come of an assessee includes any profits and gains derived from an industrial undertaking, there shall be allowed, in computing the total income of the assessee,
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