Supreme Court · 1964 INSC 197 · Decided 25 September 1964
Commissioner of Income-Tax, U.P. v. Nainital Bank LTD.
- Court
- Supreme Court of India
- Citation
- 1964 INSC 197 · [1965] 1 S.C.R. 340
- Case number
- CIVIL APPEAL No. 938/1963
- Decided
- 25 September 1964
- Bench
- K. SUBBA RAO, J.C. SHAH, S.M. SIKRI (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Constitution Article 133; Companies Act; Income Tax Act
Headnote
OF INCOME-TAX, U.P. v. NAINITAL BANK LTD. . , September 25, 1964. (K. SUBBA RAo, J.C. SHAU Ami S. M. SIKRI JJ.) . Income Tax-Deductible /ass-Banking Company-Loss by dacoity­ Whether incidental to business-Indian Income-tax, Act, 1922 {ll of 1922) ••. 10(1). . . . Cash and bank as a trading loss for the assessment year 1952-53. The claim Wa!! disallowed by the Income-tax Officer· on the ground that the •• , A B c • · loss was not incidental to the business. The finding being confirmed by the Appellate Assistant Commissioner and the
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