Supreme Court · 1980 INSC 176 · Decided 9 September 1980
Commissioner of Wealth Tax, Lucknow v. P. K. Banerjee (Dead) BY LRS.
- Court
- Supreme Court of India
- Citation
- 1980 INSC 176 · [1981] 1 S.C.R. 657
- Case number
- CIVIL APPEAL No. 1163/1973
- Decided
- 9 September 1980
- Bench
- P.N. BHAGWATI, E.S. VENKATARAMIAH (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Constitution Article 136
Headnote
OF WEALTH TAX, LUCKNOW v. P. K. BA~ERJEE (DEAD) BY LRS. September 9, 1980 [P. N. BHAGWATT, E. S. VENKATARAMIAH, JJ.J Wealth Tax Act, 1957, Section 2(e)(iv), scope of-Annuity-Nature of the amount to fall under the annuity, to claim exemption under the Wealth Tax Act, exp/ai117d. The net income of the trust funds" after the death of his father. The assessee treated this amount as an annuity and claimed exemption under section 2(e)(iv) of the Wealth Tax Act, 1957. The claim for exemption was negatived by all the authorities including the Appel· late Tribunal,
Judgments are the courts' own published copies, provided for study; they are not certified copies. Source: Indian Supreme Court & High Court Judgments, Dattam Labs (CC-BY-4.0)