Supreme Court · 1998 INSC 98 · Decided 18 February 1998
Commissioner of Income Tax, Karnataka v. M/S Bedi and Company PVT. LTD.
- Court
- Supreme Court of India
- Citation
- 1998 INSC 98 · [1998] 1 S.C.R. 932
- Case number
- CIVIL APPEAL No. 4122/1983
- Decided
- 18 February 1998
- Bench
- SUJATA V. MANOHAR, S.S.M. QUADRI (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 256(1), 256, 144
Headnote
I Income Tax Act, 1961 : Sections 256(1) and (2)-Mixed question of c law and facts-Scope of interference by High Court-Lone transaction under an agreement for promoting a paper mill-Assessment order treating the loan amount as income from business-Upheld by both the Appellate Assistant finding that the amount was loan and the Revenue failed to prove that it was income from business-On appeal, held that question of perversity in finding of fact has , D to be distinguished from mixed question of law and fact-High Court was justified in referring to the facts to answer the
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