Supreme Court · 1972 INSC 197 · Decided 29 August 1972
Commissioner of Income-Tax Poona v. M/S. Manna Ramji & CO.
- Court
- Supreme Court of India
- Citation
- 1972 INSC 197 · [1973] 1 S.C.R. 1068
- Case number
- CIVIL APPEAL No. 156/1969
- Decided
- 29 August 1972
- Bench
- K.S. HEGDE, P. JAGANMOHAN REDDY, HANS RAJ KHANNA (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act
Headnote
· Indian Income Tax, 1911-Capltal Receipt/I and Revenue Receipts­ Compensation paid by .Govt. for lolls of earning where the business pre­ mises ate fequisitioned-Whether Revenue Receiptr. The respondent 'Yas carrying on timber business in premises consisting Jf oflk~ r<Jl)m Act for storing food grains. On request of the respondent, however, the office roon was relea5ed wherein the ap­ J>eilant contimied to carry on the timber business. The respondent claimed compensation of Rs. 1,25,500 for loss of earnings which was awarded. The Income Tax Officer brought
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