Supreme Court · 1966 INSC 218 · Decided 13 October 1966
Commissioner of Income-Tax, Mysore v. The Canara Bank LTD.
- Court
- Supreme Court of India
- Citation
- 1966 INSC 218 · [1967] 1 S.C.R. 859
- Case number
- CIVIL APPEAL No. 675/1965
- Decided
- 13 October 1966
- Bench
- J.C. SHAH, V. RAMASWAMI, VISHISHTHA BHARGAVA (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 10
Headnote
E F COMMISSIONER OF INCOME-TAX, MYSORE v. THE CANARA BANK LTD. October 13, 1966 (J.C. SHAH, V. RAMASWAMI AND V. BHARVAGA, JJ.) Indian Income-tax Act, 1922, s. 10-Appreciatkm in value of m.<mrJ remitted from Pakistan to India after devaluation of Indian Rupee hr 1949-Amount of appreciation of the two countries continued to be at · par until there was a devaluation of the Indian Rupee in 1949. The new exchange ratio between the two countries was not determined until February 27, 1951. On this date it was agreed that a hundred Pakistani Rupees W•Te equh-alent to a
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)