Supreme Court · 1990 INSC 173 · Decided 2 May 1990
F.S. Gandhi (Dead) BY LRS. v. Commissioner of Wealth Tax, Allahabad
- Court
- Supreme Court of India
- Citation
- 1990 INSC 173 · [1990] 2 S.C.R. 886
- Case number
- CIVIL APPEAL No. 3752/1982
- Decided
- 2 May 1990
- Bench
- KULDIP SINGH, S.C. AGRAWAL (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Transfer of Property Act Section 106
Headnote
Wealth Tax Act, 1957: Section 2(e) 2(iii)-Interest in respect of properties-Lease of lands on which properties were standing expired-Tenancy continued on month to month bas'is for unstated period-Whether liable to tax. Words and Phrases-'Js' and 'has been'-meaning of -i ' - The appellant-assessee The leases in respect of these lands expired in 1958 and 1963 and the lessor-State Government issued notices to the assessee to hand over vacant possession of the leasehold lands. The properties were let out to the tenants and the assessee was receiving rental income from the same. In the Wealth
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