Supreme Court · 1971 INSC 271 · Decided 5 October 1971
Commissioner of Income Tax, Gujarat v. M/S. S. C. Kothari
- Court
- Supreme Court of India
- Citation
- 1971 INSC 271 · [1972] 1 S.C.R. 950
- Case number
- CIVIL APPEAL No. 1993/1968
- Decided
- 5 October 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 24, 10(1), 24(1)
Headnote
OF INCOME TAX, GUJARAT v. M/S. S. C. KOTHARI October 5, 1971 [K. S. HEGDE AND A. N. GROVER, JJ.) Income-tax Act (ll of 1922), ss. 10(1) and (2) and s. 24(1)­ Scope of. Forward Contracts (Regulation) Act, 1952 s. 15 ( 4 )-Contract in violation of-If illegal Section 15 ( 4) of the Forward of transactions in which their duties as agents come into conflict with theiI personal interest. · Parliament had made a writing, evidencing or confirming the consent or authority of a non-member, as a condition of the contract if the member has entered into a contract on his own account.
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