Supreme Court · 1976 INSC 31 · Decided 17 February 1976
H. H. Maharaj Rana Hemant Singhji, Dholpur v. Commissioner of Income-Tax, Rajasthan
- Court
- Supreme Court of India
- Citation
- 1976 INSC 31 · [1976] 3 S.C.R. 423
- Case number
- CIVIL APPEAL No. 779/1971
- Decided
- 17 February 1976
- Bench
- A.C. GUPTA, JASWANT SINGH (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 2(4A)(ii), 12B
Headnote
lnconze Tax Act (11 of 1922), s. 2(4A)(ii)-:-'Personal efjects',_~:h_at are. Section 2(4A) (ii), Income Tax Act, 1922, provides that 'perSOnal effects, that is to say. movable property (including wearing apparel, jewellery, and [urniture) held for personal use by the assessee or any member of his not be included in the 'capital assets' of th~ assessee •. A B · The context in which the expression 'personal effects' oCcurs and the C enumeration of articles like wearing apparel, jewellery an4 furniture, -show that only those articles are to be included as peisonal effects
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