Supreme Court · 1979 INSC 198 · Decided 5 October 1979
Commissioner-Of Income-Tax, Andhra Pradesh v. T. N. Aravinda Reddy
- Court
- Supreme Court of India
- Citation
- 1979 INSC 198 · [1980] 1 S.C.R. 872
- Case number
- SPECIAL LEAVE PETITION (CIVIL) No. 1557/1979
- Decided
- 5 October 1979
- Bench
- V.R. KRISHNA IYER, D.A. DESAI (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
Headnote
/ ' ' t'l Income-tax .A:ct-1961 Section 54(1)~cope of-Words & Phrase~-Purclzase .) ... . -Meaning of. · ' 1 ~ The te!pondent sold his house at a price sufficient to attract capital gains ,. but he~ pre-empted the demand of tax by acquiring the common house from hiS brothers for a t'~~s. On behalf of the Petitioner, it was contended that release deeds by sl' ··-B in favour of one of them amounts to purchase within the meaning of , \> of the Act. The High Court having held it is, the Revenue came 1 1 of Special Leave • . :.Jissing the Petition. :.0 :
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