Supreme Court · 1996 INSC 346 · Decided 1 March 1996
Commissioner of Income Tax v. M/S All India Tea and Trading CO. LTD.
- Court
- Supreme Court of India
- Citation
- 1996 INSC 346 · [1996] 3 S.C.R. 156
- Case number
- CIVIL APPEAL No. 2136/1979
- Decided
- 1 March 1996
- Bench
- J.S. VERMA, B.N. KIRPAL (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 2, 2(1)
Headnote
OF INCOME TAX I'. MIS ALL INDIA TEA AND TRADING CO. LTD. MARCH 1, 1996 [J.S. VERMA AND B.N. KIRPAL, JJ] Income Tax Act, 1922: Section 2( 1). Assam Land (Requisition and Acquisition) Act, 1948 : Sections 3,4, and 7. Agricultural income-Agricultural land-Requisitiott-Allotment to Act, 1948. Refugees were put in possession and an amount of Rs. 1,24,638 was given to the respondents as compensation. The respondent's claim that the said amount being agricultural income was exempt from levy of income tax was rejected by the Income Tax Officer. On appeal the Appellate
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