Supreme Court · 1954 INSC 65 · Decided 14 May 1954
Harishankar Bagla and Another v. The State of Madhya PRADESH.
- Court
- Supreme Court of India
- Citation
- 1954 INSC 65 · [1955] 1 S.C.R. 380
- Case number
- CRIMINAL APPEAL No. 7/1953
- Decided
- 14 May 1954
- Bench
- MEHR CHAND MAHAJAN, BIJAN KUMAR MUKHERJEA, VIVIAN BOSE, NATWARLAL HARILAL BHAGWATI, T.L. VENKATARAMA AIYYAR (5-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Criminal
- Acts & sections cited
- Constitution Article 19(1)(1), 19(1)
Headnote
D. Sassoon arul Companj Ltd. '" The Commissioner of Income-tax, 'Bomb£!_'1! Cilj!. Jagannadhadas J. 1 954 May 14. 380 SUPREME COURT REPORTS [1955j of both the assignor and the assignee. The prior assignments in the course of the year operated as assign­ ments of this future right collect the entire income. Nevertheless, the share in this income which accrued to the Sassoons on the completion of the year remained the taxable income of the Sassoons and they were rightly taxed in respect thereof. The very strenuous arguments of learned counsel for Sassoons to counter the
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