Supreme Court · 2023 INSC 543 · Decided 16 May 2023
M/S. D. N. Singh v. Commissioner of Income Tax, Central, Patna and Another
- Court
- Supreme Court of India
- Citation
- 2023 INSC 543 · [2023] 7 S.C.R. 530
- Case number
- CIVIL APPEAL No. 3738/2023
- Decided
- 16 May 2023
- Bench
- K.M. JOSEPH, HRISHIKESH ROY (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Contract Act Section 148, 151; Income Tax Act Section 69A
Headnote
Income Tax Act, 1961 - s.69A - Scope and applicability of - s.69A deals with unexplained money, bullion, jewellery or other valuable articles - Deeming effect of the provision - When applicable - Ambit of the word 'owner' in s.69A Joseph, J.) : To apply s.69A of the Act, it is indispensable that the Officer must find that the other valuable article is owned by the assessee - A bailee who is a common carrier is not the owner of the goods - A bailee who is a common carrier would necessarily be entrusted with
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