Supreme Court · 1997 INSC 408 · Decided 11 April 1997
Commissioner of Income Tax, Kanpur v. U.P. State Industrial Development Corporation
- Court
- Supreme Court of India
- Citation
- 1997 INSC 408 · [1997] 3 S.C.R. 846
- Case number
- CIVIL APPEAL No. 1739/1981
- Decided
- 11 April 1997
- Bench
- S.C. AGRAWAL, G.T. NANAVATI (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 261
Headnote
Income Tax Act, 1961 : "U11de1w1iting Commission" eamed by assessee in respect of shares, C which were not s11b.mibed by public, and were purchased by assessee-Held, could not be treated as a part of assessee's taxable i11come. D P.M. Mohammed Meerakhan. v. Commissioner of Income Tax, Company v. Commissioner of Income Tax, (1971) 82 ITR 363 and Mmvi I11dustries Ltd. v. Commissioner of Income Tax, (1971) 82 ITR 835, held not applicable. State of Tra11vancore v. Commissioner of Income Tax, (1986) 158 IT~ E 102; Whimsier & Co. v. Commissione1:r of Inland Revenue,
Judgments are the courts' own published copies, provided for study; they are not certified copies. Source: Indian Supreme Court & High Court Judgments, Dattam Labs (CC-BY-4.0)