Supreme Court · 1959 INSC 22 · Decided 16 March 1959
Additional Collector, Banares v. Maharaj Kishore Khanna
- Court
- Supreme Court of India
- Citation
- 1959 INSC 22 · [1959] SUPP. 2 S.C.R. 364
- Case number
- CIVIL APPEAL No. 298/1955
- Decided
- 16 March 1959
- Bench
- SYED JAFFER IMAM, A.K. SARKAR, K. SUBBA RAO (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- CPC; Limitation Act Section 39; Income Tax Act
Headnote
COURT REPORTS [1959] Supp. '959 incomes within and without taxable territories is made unnecessary by demanding that this amount by way Mcgregor &· f h ]] b b h d ' Balfour Ltd. o repayment s a e roug t to tax an ' treated as v. income within the previous year. The effect thus is the amount received as repayment Hidayatullah J. of excess profits tax must be deemed to be 'income ' I959 March I6. for the purposes of the Indian Income-tax Act and for assessment it must be treated as income of the pre­ vious year. The answer to question No. 1 given by the Calcutta
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