Supreme Court · 1965 INSC 93 · Decided 5 April 1965
Kalooram Govindram v. Commissioner of Incometax, Madhya Pradesh, Nagpur
- Court
- Supreme Court of India
- Citation
- 1965 INSC 93 · [1965] 3 S.C.R. 641
- Case number
- CIVIL APPEAL No. 41/1964
- Decided
- 5 April 1965
- Bench
- K. SUBBA RAO, J.C. SHAH, S.M. SIKRI (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 10(2)(vi)
Headnote
Indian Income-tax Act, 1922 (11 of 1922), s. 10(2! '.'i-P""1titioo, of Hindu joint fami!y-Asset auctioned between dividing branc~es -Value on which depre(!iation to be allowed-Whether on auction price or on original cost to the erstwroile larger family. On partition being effected only an interest in the entire joint family property_ ae>­ family. The preliminary decree passed by the Court determmed 10/16 as the share of the appellant family and 6/16 as that of the other branch. Those assets of the erstwhile larger joint family which could not be physka!ly divided
Judgments are the courts' own published copies, provided for study; they are not certified copies. Source: Indian Supreme Court & High Court Judgments, Dattam Labs (CC-BY-4.0)