Supreme Court · 1978 INSC 220 · Decided 3 November 1978
D.S. Bist & Sons, Nainital v. Commissioner of Income Tax, Delhi Central, New Delhi
- Court
- Supreme Court of India
- Citation
- 1978 INSC 220 · [1979] 2 S.C.R. 224
- Case number
- CIVIL APPEAL No. 1727/1972
- Decided
- 3 November 1978
- Bench
- P.N. BHAGWATI, V.D. TULZAPURKAR, R.S. PATHAK (3-judge bench)
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 3, 10(2)(vii), 2
Headnote
November 3, 1978 Income Tax Act 1922-S. 3, 10(2) (vii)-Firm lvhether a separate taxable entity-Whether same as partners-Balancing charge-Whether depreciation allowed to a disrupted HUF. to be taken into consideration in determining the C balancing charge of a firm which takes over the HUF business Hindu Undivided Family consisting of Thakur Dan Singh and his son Thakur Mohan Singh was carrying on business as forest contractors. There was a total disruption of the family in March, 1956. On that day, the written down value of three trucks owned by the Hindu Undivided Family Wai nil on
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)