Commissioner Of Income Tax vs Calcutta National Bank Ltd.

Authority: Supreme Court Date: 1959-04-20 Acts: Excess Profits Tax Act, 1940; Indian Income Tax Act, 1922 Result: Revenue Citation: (1959) 37 ITR 171 (SC) : (1959) TAX 12(3)-308 Justices: Sinha, Kapur & Hidayatullah, JJ. Appeal No: Civil Appeal No. 4 of 1956
Whether rental income from immovable property owned by a banking company is part of business income taxable under the Excess Profits Tax Act, 1940 --- Held Yes

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