Supreme Court · 1981 INSC 172 · Decided 25 September 1981
Vazir Sultan Tobacco CO. LTD. ETC. ETC. v. Commissioner of Income-Tax Andhra Pradesh, Hyderabad
- Court
- Supreme Court of India
- Citation
- 1981 INSC 172 · [1982] 1 S.C.R. 789
- Case number
- CIVIL APPEAL No. 860/1973
- Decided
- 25 September 1981
- Bench
- V.D. TULZAPURKAR, E.S. VENKATARAMIAH, AMARENDRA NATH SEN (3-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
- Acts & sections cited
- Income Tax Act
Headnote
Super Profits Tax Act, 1963 and Company's (Profits) Sur-tax Act, 1964- Ru/e I of Second Schedule-Scope of-'' Provision" and "Reserve"·-Distinction­ A sum of money transferred from current profits to general reserves-Dividend paid from that fund-General reserve how Tax) Act, 1963 and the Company's (Profits) Sur-ta. Act, 1964 (the scheme and main provisions of both of which are almost identical) impose a special tax on excess profits earned by companies. The special t~ is imposed in respect of so much of a company's "chargeable profits" of
Judgments are the courts' own published copies, provided for study; they are not certified copies. Source: Indian Supreme Court & High Court Judgments, Dattam Labs (CC-BY-4.0)