Supreme Court · 1993 INSC 161 · Decided 22 April 1993
Commissioner of Income Tax, Madras v. G.R. Karthikeyan, Coimbatore
- Court
- Supreme Court of India
- Citation
- 1993 INSC 161 · [1993] 3 S.C.R. 328
- Case number
- CIVIL APPEAL No. 3908/1983
- Decided
- 22 April 1993
- Bench
- B.P. JEEVAN REDDY, N. VENKATACHALA (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Constitution; Income Tax Act Section 2(24), 10, 2, 256(1)
Headnote
F G COMMISSIONER OF INCOME TAX, MADRAS v. G.R. KARTHIKEY AN, COIMBATORE APRIL 22.1993 [B.P.JEEVAN REDDY AND N. VENKATACHALA,JJ.] Income Tax Act 1961: Sections 2(24)and 10(3 )-For Assessment-What constitutes Income-Prize Money-From All India Motor Car Rally-Whether constitutes Income. The assessee money in his income for the relevant assessment year relying upon the definition of'income' in clause (24) of Section 2 of Income Tax Act. On an appeal preferred by the respondent-assessee the Appellate Assistant Commissioner, held that as the Rally was not a race, the prize money cannot be
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