Supreme Court of India
Calcutta Discount Company Limited v. Income-tax Officer, Companies District, I and Another.
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
3 Supreme Court benches have cited this judgment.
What the Court ordered
In the result, we allow the appeal, set aside the order made by the appellate Bench of the Calcutta High Court and restore the order made by the Trial Judge, Bose, J. The assessment orders made in the · proceedings started under s. 34 of the Income Tax Act are also quashed.
Judgment, page 19
From the headnote
Income-tax-Income escaping assessment-Non-disclosure of material facts by assessee-" Material facts", meaning of-Indian Income Tax Act, z922 (II of z922), as amended in z948, s. 34(1)(a), Explanation-Constitution of India, Art. 226. The appellant, a private limited company, was assessed to income tax for the assessment years 1942-43, 1943-44 and 1944-45 by three separate orders dated January 26, 1944, February 12, 1944, and February 15, 1945, under s. 23(3) of the Indian Income Tax Act on returns filed by it with statements of account. On March 28, 1951, three notices under s. 34 of the Act
Where later benches applied it
- 2024 M/s Mangalam Publications, Kottayam v. Commissioner of Income Tax, Kottayam
- 2020 Delhi Television Ltd. v. Deputy Commissioner of Income Tax
- 2022 Deputy Commissioner of Income Tax (central) Circle 1(2) v. M/s. M. R. Shah Logistics Pvt. Ltd.
Of those, 2 followed · 1 referred to
Sign in free to read it
- The full judgment, page by page, as published in the Supreme Court Reports
- The ratio: what the Court held, verbatim, with the page it sits on
- Every bench that relied on it, and every bench that argued against it
- Search every reported judgment, by party, citation or question
- Download the PDF, copy pinpoint citations ready for a filing
An email address, no password.