Supreme Court · 1990 INSC 93 · Decided 19 March 1990
M.B. Abdulla v. Commissioner of Income-Tax, Kerala
- Court
- Supreme Court of India
- Citation
- 1990 INSC 93 · [1990] 2 S.C.R. 5
- Case number
- SPECIAL LEAVE PETITION (CIVIL) No. 4973/1989
- Decided
- 19 March 1990
- Bench
- SABYASACHI MUKHERJI, M.M. PUNCHHI (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Constitution; Income Tax Act Section 256, 256(1)
Headnote
A v. COMMISSIONER OF INCOME-TAX, KERALA "'"tr MARCH 19, 1990 [SABYASACHI MUKHARJI, C.J. AND M.M. PUNCHHI, J.J B Income Tax Act, 1961: Section 256( 1)-Reference-Question arising out of the order of the Tribunal-Value of gold worth Rs.20 r Lakhs confiscated from the assessee added to the and whether that sum could be deducted as --- business loss-Principles. On November II, 1968 the Petitioner was apprehended carrying J ,J,-.. contraband gold in a Maruti Car driven by him. He was taken into custody and the seized gold was confiscated. For the assessment year D 1960-70 the
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