Supreme Court of India
Commissioner of Income Tax, Bombay v. Rasiklal Maneklal (h.u.f.) & 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.
3 Supreme Court benches have cited this judgment.
What the Court ordered
In the result, we agree with the view taken by the High Court, and dismiss these appeals with costs.
Judgment, page 5
From the headnote
Indian Income Tax Act, 1922-Sub-s. ( 1) of s. 12B-Amalgama tion of two companies resulting in dissolution of one of them and allot ment of shares of the surviving company to the shareholders of the dissolved company-Whether amounts to 'exchange' or 'relinquish ment' within the meaning of the sub-section. Words and Phrases-Meanings of 'exchange' and 'relinquish- ment'. Snb-s. (I) of s. 12B of the Indian Income Tax Act, 1922 provides that tax shall be payable by an assessee under the head "Capital gains" in respect ·•f any profits or gains arising from the sale, exchange, relin quishment or
Where later benches applied it
- 2026 M/s Jindal Equipment Leasing Consultancy Services Ltd. v. Commissioner of Income Tax
- 2001 Commissioner of Income Tax, Cochin v. Mrs. Grace Collis and Ors.
- 1997 Anarkali Sarabhai, :shahibag House, Ahmedabad v. Commissioner of Income Tax, Ahmedahad
Of those, 1 referred to · 2 mentioned
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.