Supreme Court · 1972 INSC 238 · Decided 27 September 1972
Commissioner of Income Tax v. S. N. A. S. A. Annamalai Chettiar
- Court
- Supreme Court of India
- Citation
- 1972 INSC 238 · [1973] 2 S.C.R. 460
- Case number
- CIVIL APPEAL No. 2016/1969
- Decided
- 27 September 1972
- Bench
- K.S. HEGDE, P. JAGANMOHAN REDDY, I.D. DUA, HANS RAJ KHANNA (4-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 10
Headnote
OF INCOME TAX v. S. N. A. S. A. ANNAMALAI CHETIIAR September 2 7, 1972 A [K. S. HEGDE, P. JAGANMOHAN REDDY, I. D. DUA AND H. R. KHANNA, JJ.J B Jnco111e Tax Act, 1922-S. 10 f.l)-Bt1si11rss loss-H11siness carried on in H't1r. ::.one-Da1na,cre 10 proper()· during war-If could he The loss in question was loss of stock-in-trade. On the question C whether the loss could be given deduction to as a business loss in computing the net income of assessee under's. 10 ( 1) of the Income-tax Act, 1922. HELD : On the facts and circumstance of the case the loss occurred must be
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