Appeals from the judgment and orders dated March 11, 1958, of the Bombay High Court in I. T. R. No.
The Judgment of the Court was delivered by KAPUR, J. These are three appeals pursuant to a certificate under a. 66A 2 of the Indian Income tax Act, 1922 hereinafter called the Act , against the judgment and orders of the High Court of Bombay in Income tax Reference No.
36 of 1957.
The appeals though directed against the same order are three in number because each partner of the firm has brought a separate appeal.
CIVIL APPELLATE JURISDICTION Civil Appeals Nos.
The firm had been assessed to income tax under the provisions of the Income tax Act of 1918.
The firm which was registered under the provisions of the Income tax Act of 1922 hereinafter termed the Act was dissolved on March 24, 1945, and from the day following that i.e. March 25, 1945, a Private limited companypany i.e. S. S. Miranda and Co. Ltd. succeeded to the business of the firm.
March 1.
In respect of the chargeable accounting period April 1, 1944, to March 24, 1945, the registered firm was taxed to excess profits tax under the Excess Profits Tax Act, 1940.
The firm was carrying on the business of wine merchants at Bombay and came into existence prior to April 1, 1939.
173 to 175 of 1960.
36 of 1957.
N. Rajagopal Sastri and D. Gupta, for respondents.
ofA. V. ViSwanatha Sastri, S. M. Dubash and G. Gopalakrishnan, for the appellants.
