Month: November 1997

Madras H.C : Whether on the facts and in the circumstances of the case, the Tribunal was right in holding that the sum of Rs. 15 lakhs due by the assessee to the Tamil Nadu Industrial Investment Corporation Ltd. as on 1st July, 1971, was includible in the capital base as provided in cl. (v) of r. 1 of the Second Schedule to the Companies (Profits) Surtax Act, 1964 ?

High Court Of Madras CIT vs. Sakthi Sugars Ltd. Sections SURTAX Sch. II, r. 1(v), Indian Evidence Act, 1872, ss. 91 & 92 Asst. Year 1973-74 N.V. Balasubramanian & P. Thangavel, JJ. Tax Case No. 159 of 1985 14th November, 1997 Counsel Appeared C.V. Rajan, for the Petitioner : P.P.S. Janarthana Raja, for the Respondent JUDGMENT …
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