Sponsored
    Follow Us:

Case Law Details

Case Name : R.B. Shreeram Durgaprasad (P) Ltd. Vs The CIT (Bombay High Court)
Related Assessment Year :
Become a Premium member to Download. If you are already a Premium member, Login here to access.
Sponsored

Brief of the Case

Bombay High court held In the case of R.B. Shreeram Durgaprasad (P) Ltd. vs. The CIT that concept of double taxation is not attracted in the present matter. The Export firm has to pay tax as it has actually utilized that amount as its income while the assessee has to pay tax as it attempted to conceal that income. The income really belongs to the assessee and he is answerable to pay tax upon it even if the same taxed in the account of export firm.

Please become a Premium member. If you are already a Premium member, login here to access the full content.

Sponsored

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

0 Comments

  1. r ganesan says:

    There is a decision of the Supreme Court in the case of State of Karnataka vs Ayyanahalli Bakkappa &Sons (1988)71 STC 202 where the same turnover of sales were already assessed in the hands of three depots which were not registered as dealers, the Department cannot pass a reassessment order against the Respondent in respect of the same turnover, since two assessments on the same turnover is not permissible.

Leave a Comment

Your email address will not be published. Required fields are marked *

Sponsored
Sponsored
Ads Free tax News and Updates
Sponsored
Search Post by Date
March 2025
M T W T F S S
 12
3456789
10111213141516
17181920212223
24252627282930
31