Supreme Court of India

Travancore Titanium Products Ltd. v. Commissioner of Income-tax, Kerala

Neutral citation
Reported as [1966] 3 S.C.R. 321
Bench K. Subba Rao, J.C. Shah and S.M. Snoo JJ.
Decided 17 January 1966

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.

From the headnote

Income Tax Act, 1922 (11 of 1922), s. 10(2) (xv)-Wea/th-tax paid c on assets owned for purpose of business-Whether a pennissib/e deduc­ tion. In computing the total earned income of the appellant company for the calendar year 1959, the Income Tax Officer disallowed a claim for deduc­ tion of Rs. 80,255 in respect 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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