Supreme Court · 1995 INSC 462 · Decided 16 August 1995
Commissioner of Income Tax, Madras and ANR. v. Mis Dalmia Cement
- Court
- Supreme Court of India
- Citation
- 1995 INSC 462 · [1995] SUPP. 2 S.C.R. 708
- Case number
- CIVIL APPEAL No. 745/1976
- Decided
- 16 August 1995
- Bench
- B.P. JEEVAN REDDY, S.C. SEN, G.T. NANAVATI (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 23(3), 24, 143(3), 157, 22(1), 22(2A), 24(3)
Headnote
Income tax Act, 1922-Sections 23(3) and 24(3}-Detennination and intimation of loss-Sub section (3) of Section 24 must be construed to be c mandat01y--Section 23(3) to be read alongwith Section 24(3)-ln case of loss-Mandatory upon Income Tax Officer to notify to assessee the amount of loss-Income 23(3 ), 24(3) and 30-Retums showing losses-Order of refusal to make assessment as returns filed beyond period stipulated-Appealable u/s D 30-If not appealed against-Question cannot be reagi,tated in assessment proceedings relating to a subsequent assessment yea1'--lncome Tax Act,
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