Supreme Court · 1964 INSC 153 · Decided 7 May 1964

Commissioner of Income-Tax, Madras v. Kumbakonam Mutual Benefit Fund LTD.

Court
Supreme Court of India
Citation
1964 INSC 153 · [1964] 8 S.C.R. 204
Case number
CIVIL APPEAL No. 637/1963
Decided
7 May 1964
Bench
K. SUBBA RAO, J.C. SHAH, S.M. SIKRI (3-judge bench)
Outcome
Appeal(s) allowed
Case type
Civil
Acts & sections cited
Companies Act; Income Tax Act Section 10

Headnote

COURT REPORTS 1964 sought to be put upon the expression "income~ in su!J:.s.' (2) CJ.T; o( s. 26 by the Revenue is . accepted, then the absence· of Express v'. News- tli.~! _word in the ?rov!-5° destroys the· argume?t. Bu! ·the. papers Lldi' more reasonable .view IS s. 26 re..:d v,ith the prbviso theretO _indicates that the total · · income · of the· person · st1cceeded. is the !=r!_terion· f_?r' separate .assessment ·~-~,.: __ ..- · sub-s. (2) and for assessment and realisaticm-unoer the·

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