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McDowell & Co Ltd v CTO

The department says my restructuring was a device and is taxing me on the substance. How far can it go behind a transaction that is perfectly legal on its face?

The department says my restructuring was a device and is taxing me on the substance. How far can it go behind a transaction that is perfectly legal on its face?

It depends, and this is the case both sides cite. A five-judge Bench of the Supreme Court held that excise duty paid direct to the authorities by the buyers still formed part of the manufacturer's turnover, because the payment was made on the manufacturer's account and was part of the consideration. In doing so the Court said that colourable devices cannot be part of tax planning and that it is wrong to think it honourable to avoid tax by dubious methods. Chinnappa Reddy J went further in a separate opinion, treating the Westminster principle as spent.

Decided by the Supreme Court (Supreme Court of India, Y.V. Chandrachud C.J., D.A. Desai, E.S. Venkataramiah, O. Chinnappa Reddy and Ranganath Misra, JJ.) on 1985-04-17, reported as [1985] INSC 91; 1985 SCR (3) 791; (1985) 3 SCC 230; AIR 1986 SC 649; also reported at (1985) 154 ITR 148 (SC). It bears on the Income Tax Act 1961, in How Tax Law Is Read matters.

Still good law. Not overruled, but materially confined. Union of India v Azadi Bachao Andolan (2003) and Vodafone International Holdings BV v Union of India (2012) held that the wider observations of Chinnappa Reddy J are not the ratio and that a taxpayer may lawfully arrange his affairs to reduce tax. Those two decisions were not read for this note; the qualification is stated here as the reason the case cannot be cited on its own.

Why it matters

This is the source of the substance-over-form argument in Indian tax and the intellectual ancestor of the general anti-avoidance rule in Chapter X-A. The Revenue leads with it in every recharacterisation and treaty-shopping dispute. But it cannot be read alone: Azadi Bachao Andolan and Vodafone confine it, treating Chinnappa Reddy J's wider observations as not the ratio and restoring the taxpayer's right to arrange affairs within the law. A practitioner needs all three, and needs to be able to say precisely which sentences of McDowell are the judgment of the Court and which are the separate opinion.

Binding on every court and authority in India.

Not yet CA-verified. This entry was found through the sources listed under the Sources tab, and the summary reflects what those sources say. Nobody has yet read the full judgment and signed it off. Check the source before relying on it.

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