Supreme Court · 1971 INSC 214 · Decided 24 August 1971
Commissioner of Income Tax, U.P. v. Gurbux Rai Harbux Rai
- Court
- Supreme Court of India
- Citation
- 1971 INSC 214 · [1972] 1 S.C.R. 357
- Case number
- CIVIL APPEAL No. 1225/1967
- Decided
- 24 August 1971
- Bench
- K.S. HEGDE, A.N. GROVER (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act
Headnote
G H COMMISSIONER OF INCOME TAX, U.P. v. GURBUX RAI HARBUX RAI August 24, 1971 (K. S. HEGDE AND A. N. 0,ROVER, JJ.J Excess Profits T~x Act, 1940, ss. JOA and J5-Scope of. 357 "- Section 10~ of the 'Excess Profits Act, 1940, deals \vi th transactiOns _ deyigned to avoid or reduce liability to , the section, there should be pending a proceeding for assessment or re­ assessment of excess- Profits tax. Under s. 15, if in consequence of definite jnformation .\Vhich has come into his possession,~ the Excess Profits Tax OffiCer discovers that the profits of any chargCable
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