Supreme Court · 1973 INSC 43 · Decided 8 March 1973
C. I. T. Andhra Pradesh v. M/S. Vadde Pallaiah & CO.
- Court
- Supreme Court of India
- Citation
- 1973 INSC 43 · [1973] 3 S.C.R. 655
- Case number
- CIVIL APPEAL No. 1682/1970
- Decided
- 8 March 1973
- Bench
- K.S. HEGDE, P. JAGANMOHAN REDDY, HANS RAJ KHANNA (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 26A, 66(i)
Headnote
F G H C.I.T., ANDHRA PRADESH v. M/S. VADDE PALLAIAH & CO. March 8, 1973 655 (K. S. HEGDE, P. JAGANMOHAN REDDY AND H. R. KHANNA, JJ.J Income-tax Act (11 of 1922) s. 34(3), Second Proviso-Scope of. Upto the assessment year 1953-54 a business was being carried on by P as an individual. In March under s. 26A of the Income-tax Act 1922. The income-tax officer rejected the application holding that there was no genuine firm. He accordingly assessed P as an individual in respect di the income earned in that busi­ ness. As against that order the firm as well as P appealed to the
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