Supreme Court · 1981 INSC 86 · Decided 7 April 1981
Ahmed Ibrahim Sahigra Dhoraji v. Commissioner of Wealth Tax, Gujarat
- Court
- Supreme Court of India
- Citation
- 1981 INSC 86 · [1981] 3 S.C.R. 402
- Case number
- CIVIL APPEAL No. 1217/1973
- Decided
- 7 April 1981
- Bench
- R.S. PATHAK, E.S. VENKATARAMIAH (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 68
Headnote
Wealth Tax Act, 1957-Section 2(m)-Finance Act, 1965 gave incentives for voluntary disclosute of concealed income·-Assessee declared large amount of such income and paid tax as provided by Finance Act-Tax so paid-Whether an allowable deduction as "debt owed" under the Wealth Tax which no income tax had been paid, an incentive scheme was prepared by the Government under which a person disclosing such income was required to pay a specified rate of tax without attracting the penal provisions of the Income Tax Act. Section 68 of the Finance Act, 1965 provided that a person
Judgments are the courts' own published copies, provided for study; they are not certified copies. Source: Indian Supreme Court & High Court Judgments, Dattam Labs (CC-BY-4.0)