Supreme Court · 1971 INSC 24 · Decided 21 January 1971
Commissioner of Licome-Tax, Madras v. T.S.PL.P. Chidambaram Chettiar (Dead) Through L.RS.
- Court
- Supreme Court of India
- Citation
- 1971 INSC 24 · [1971] 3 S.C.R. 428
- Case number
- CIVIL APPEAL No. 365/1967
- Decided
- 21 January 1971
- Bench
- J.C. SHAH, K.S. HEGDE, A.N. GROVER (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 34(1)(a), 23(3)
Headnote
OF L"ICOME-TAX, MADRAS A v. T.S.PL.P. CHIDAMBARAM CHETI1AR (DEAD) THROUGH L. Rs. January 21, 1971 [J, C. SHAH, C.J., K. S. HEGDE AND A. N~ GROVER, JJ.) B Income Tax Act, 1922, s. 34(1) (a) Requirements of-Assessee not disclosing part of money repaid against loan and interest--!! loans to P in 1932. Jn July, 1932 P executed a mortgage of some of his properties in favour of the assessee's father for ,a sum of Rs, 2.76 lakhs, After the mortgagee bad instituted a suit in December, 1940 claiming a sum of Rs. 5.50 Jakhs in· elusive of principal and interest, a
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