Supreme Court · 1995 INSC 876 · Decided 11 December 1995
Income Tax Officer v. CH. Atchaiah
- Court
- Supreme Court of India
- Citation
- 1995 INSC 876 · [1995] SUPP. 6 S.C.R. 543
- Case number
- CIVIL APPEAL No. 2513/1977
- Decided
- 11 December 1995
- Bench
- B.P. JEEVAN REDDY, B.N. KIRPAL (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Land Acquisition Act; Income Tax Act Section 4(1), 148
Headnote
Income Tax Act, 1961-Section 4(1)-Levy of income tax on total in­ come of every person-Charge of income t~ncome Tax Officer must tax right person and right person alone-No option availabl-Tax has to be levied A B on that person, whether an individual, HUF, Company, Finn, Association of C certain land under a sale deed dated 20.10.1962 for a consideration of Rs. 7.5.000. Eve~ prior to the execution of the sale deed, the lands had been notified for acquisition under the Land Acquisition Act. The compensation amount was received D by the respondent aud K in equal shares. Ou
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