Supreme Court of India

Commissioner of Income-tax, Bihar v. Dalmia Investment Co. Ltd.

Neutral citation
Bench A.K. Sarkar, M. Hidayatullah and J.C. Shah JJ.
Decided 13 March 1964

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.

7 Supreme Court benches have cited this judgment.

From the headnote

Income-tax Act-Business-Investment company-Dealing in shares-Bonus shares-Valuation. The assessee company dealt in shares and also held invest­ ments of shares on January 1, 1948. The assessee held 1,10,747. shares of Rohtas Industries at a book value of Rs. 15,57,902/-. Of these shares 31,909 were bonus shares issued by Rohtas Indus­ tries in 1945 at the face value of Rs. 10/- each and the assessee had debited the investment account in respect of the bonus shares by Rs.…

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