COMMISSIONER OF EXCESS PROFIT TAX, KANPUR v. KALYAN MAL PHOOL CHAND, NAGAR GANJ, KANPUR

Citation: [1987] 2 S.C.R. 601

Court: Supreme Court of India

Bench: SABYASACHI MUKHERJI, S. NATARAJAN

Case summary

It relates to the assessment under the Excess Profits Tax Act, 1940 (hereinafter called the 'Act'). It was submitted that there was no profits pertaining to the said chargeable accounting period, and there- ~ fore, the standard profits as provided in the Act became the...

Judgment text

It relates to the assessment under the Excess Profits Tax Act, 1940 (hereinafter called the 'Act'). It was submitted that there was no profits pertaining to the said chargeable accounting period, and there- ~ fore, the standard profits as provided in the Act became the...