Berger Paints India Ltd. vs Commissioner Of Income Tax

Authority: Supreme Court Date: 2017-03-28 AY: 1996-97, 1997-98 Section: 35D Acts: Income Tax Act 1961, Companies Act Result: Revenue Citation: Source (2017) 149 DTR (SC) 57 : (2017) 393 ITR 113 (SC) (2017) 247 Taxman 1 (SC): Justices: Judge(s) R.K. Agrawal & Abhay Manohar Sapre, JJ. Appeal No: Civil Appeal Nos. 2162 & 2163 of 2007*
Whether premium collected by a company on its subscribed share capital constitutes 'capital employed in the business of the company' under section 35D of the Income Tax Act 1961 for claiming deduction --- Held No.

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