Supreme Court · 2006 INSC 967 · Decided 6 December 2006
DR. T.A. Quereshi v. Commissioner of Income Tax, Bhopal
- Court
- Supreme Court of India
- Citation
- 2006 INSC 967 · [2006] SUPP. 10 S.C.R. 311
- Case number
- CIVIL APPEAL No. 5635/2006
- Decided
- 6 December 2006
- Bench
- S.B. SINHA, MARKANDEY KATJU (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- NDPS Act; Income Tax Act Section 37
Headnote
Income Tax Act, 1961-Computation of profits and gains of business/ profession-Assessee engaged in manufacture and selling of heroin-Seizure A B of heroin-Deduction, claim of-Applicability of section 37-Held: Seizure C of heroin formed part of stock in trade of assessee-Thus, entitled to claim expenditure, thus not applicable-Section 37. Jurisprudence-Legal principles vis-a-vis morality-Held: Law is different from morality-Court has to decide cases on legal principles and D not on one's own moral views. The question which arose for consideration in this appeal was whether the
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