Supreme Court · 1971 INSC 259 · Decided 22 September 1971
Commissioner of Income Tax, Assam, Tripura, Manipur & Nagaland v. M/S. Rameshwari Lal Sanwarmal
- Court
- Supreme Court of India
- Citation
- 1971 INSC 259 · [1972] 1 S.C.R. 854
- Case number
- CIVIL APPEAL No. 1956/1969
- Decided
- 22 September 1971
- Bench
- K.S. HEGDE, A.N. GROVER (2-judge bench)
- Outcome
- Case Partly allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 66(1)
Headnote
Jnco1ne-tax Act, 1922, ss. 27 and 34(3 )-Assess111enr on S as indivi­ .dual set aside under s. 27 and fresh assessl'Yzent 1nacle on S as karta of H.U.F.--Fresh assessnient is on a differe11t assessee and not one under s. 27--Cannot claim protection of s. 34(3) 2nd pro_viso. Jnco111e-tax Act, ,public .are not substantially interested-Held in na1ne of ka1ra in H.U.F.-Loan to karta by conipany Jvliether liable to be treated as 'dividend' under .s. 2(6A). In connection with the assessment year 1955-56 the lncomc-tax Offi­ cer issued notice under s. 22(2) of the Income-lax Act, 1922
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