Supreme Court · 1998 INSC 152 · Decided 24 March 1998
Commissioner of Income-Tax, Tamil Nadu v. S. Balasubramanian
- Court
- Supreme Court of India
- Citation
- 1998 INSC 152 · [1998] 2 S.C.R. 415
- Case number
- CIVIL APPEAL No. 4048/1984
- Decided
- 24 March 1998
- Bench
- SUJATA V. MANOHAR, D.P. WADHWA (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 33, 34, 155(5), 256(1)
Headnote
B Income-Tax Act, 1961--Sections 33, 34 and 155(5)-Development Rebate-Withdrawal of-Business carried on by Assessee, a Hindu Undivided Family-Development Rebate allowed to assessee on new machinery and plant-Partial Partition of Joint Family properties-New Machinery and C Plant, allotted to two Rebate allowed earlier rightly withdrawn. Section 2(47)-Hindu Undivided Family-Partial Partition-Share D allotted to coparcener-Does not amount to transfer. Assessee, a Hindu Undivided Family, carried on business. For assessment years 1960-61 to 1965-66 development rebate was allowed to the
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