Supreme Court of India
The Commissioner of Income-tax, Madras v. M. V. Murugappan & Ors.
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.
1 Supreme Court bench has cited this judgment.
From the headnote
Income Tax Act. 1922, s. 2(6- )(c)--Company i11 liquidation-Distri bution of profits earned in year of liquidation to shareholders if liable to tax q.s dividend. The respondents were shareholders of a public limited company. The Company ll'aintained ito accounts according to the Calendar Y car. The company wont into liquidation on October 31, 1954. The Liquidators of the company distributed on March IO, 1955 among the sharcnoldero for each share of the cornpany a share of another company " share of equal face value. The d·istribution was made out of profits earned by the company between
Where later benches applied it
Of those, 1 mentioned
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