Kolkata Court November 1974 Judgments
Steel Containers Ltd. Vs. Commissioner of Income-tax
Court: Kolkata
Decided on: Nov-27-1974
Reported in: [1978]112ITR995(Cal)
Sabyasachi Mukharji, J. 1. This is a reference under Section 256(1) of the Income-tax Act, 1961. This reference relates to the assessment years 1962-63 and 1963-64, the relevant previous years for which were calendar years 1961 and 1962, respectively. It appears that there was a company known as Indian Galvanizing Co (1926) Ltd., which has been referred to briefly by the Tribunal as I.G., and we shall follow the same pattern. It was a subsidiary of Balmer Lawrie & Co. Ltd., which has been referred to shortly as B.L, B.L. held 1,95,722 out of 3,69,459 ordinary shares of I.G. and was carrying on business in the manufacture of steel containers and drums in the factories at Bombay and at Calcutta. B.L. were its managing agents appointed as such under an agreement dated 8th December, 1926. This agreement of managing agency expired on the 14th January, 1957, but by an agreement dated the 11th March, 1957, I.G. reappointed B.L. as managing agents for a period of 10 years as and from 15th Janu...
Tag this Judgment!The Assistant Commissioner of Commercial Taxes, Central Section and or ...
Court: Kolkata
Decided on: Nov-23-1974
Reported in: [1974]35STC248(Cal)
Salil Kumar Datta, J.1. This is an appeal against the judgment and order of D. Basu, J., dated 1st March, 1966, in Civil Rule No. 693W of 1962 whereby the rule was made absolute.2. The facts as stated in the petition in brief are as follows: The petitioner, a private limited company at the material time, had been carrying on the business of dealer in tea and was registered as a dealer under the Bengal Finance (Sales Tax) Act, 1941 (hereinafter referred to as the said Act), holding certificate of registration bearing No. CR/2343A. The petitioner was registered in the Canning Street Charge which was renamed in 1958 as the China Bazar Charge. The petitioner duly filed its returns and its assessments up to and including four quarters ending on last day of Chaitra 1367 B. S. (13th April, 1961), were made and completed by the Commercial Tax Officer, China Bazar Charge. The assessment for four quarters ending on last day of Chaitra 1364 B. S. (13th April, 1958), was heard on 13th October, 195...
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