Supreme Court · 1987 INSC 126 · Decided 22 April 1987
Commissioner of Income-Tax, Kanpur v. Behari Lal Ram Charan LTD.
- Court
- Supreme Court of India
- Citation
- 1987 INSC 126 · [1987] 2 S.C.R. 1159
- Case number
- CIVIL APPEAL No. 74/1975
- Decided
- 22 April 1987
- Bench
- R.S. PATHAK, RANGANATH MISRA (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 74, 24, 24(3)
Headnote
KANPUR v. ·BEHAR! LAL RAM CHARAN LTD. Ai>Rit 22, 1987. [R.S. PATHAK CJ, AND RANGANATH MISRA, J.] Income-tax Act, 1961: ss. 74 and BO-Claim of set off-When admissibl~Assessee whether entitled to benefit conferred under s. 24 of 1922Act. A B Sub-section (3) llf s. 24 of the notify lb the assessee by an order In writing the amount of loss as ·computed by him. This benefit was continued in s. 74 of the Income-tax Ad; i961 Which provides for carrying forward to the fol- D lowing years tile net loss computed under the head 'capital gains' in respect.of an
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