Supreme Court of India

Indian Tube Co. (p) Ltd v. Commissioner of Income-tax, Calcutta

Neutral citation
Reported as [1992] 1 S.C.R. 22
Bench K. Ramaswamy J.
Decided 14 January 1992

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.

From the headnote

c Companies (Profit) Sur Tax Act, 1964 Sections-2 (b), 4, 18--Payment of dividend-Recommendation of Board of Directors-Whether reserve-­ Whether to be taken into consideration for computation of capital. This appeal arises out of proceedings initiated to compute the capital of the appellant-company for the purpose of Sur-tax. The previ­ ous year relevant to the assessment year of the paid up capital, the reserve, the debentures etc. under Rule 1 of Second Schedule to the Sur­ tax Act is the calendar year 1963. The assessment year is 1964-65. The position of the capital was to be considered as

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