Supreme Court · 1960 INSC 218 · Decided 24 November 1960
M/S. Haji Aziz and Abdul Shakoor BROS. v. The Commissioner of Income-Tax, Bombay City Ii
- Court
- Supreme Court of India
- Citation
- 1960 INSC 218 · [1961] 2 S.C.R. 651
- Case number
- CIVIL APPEAL No. 110/1957
- Decided
- 24 November 1960
- Bench
- J.L. KAPUR, M. HIDAYATULLAH, J.C. SHAH (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 10(2)(xv); Customs Act
Headnote
SUPREME COURT REPORTS 651 Privy Council judgment Montreal Coke and Manufac- 1960 turing Co. v. Minister o1 National Revenue (1) but that Th c .. 'J • e omnnssioner case can nave no applicat10n to the facts of the pre- of Income-tax, sent case because it was found there as· a fact that Bombay of their business was not expenditure in the earnii1g Kapur J. of their income within the statute. It was then contended that the loss of the respon­ dent was a capital loss and for this again reliance was placed on the judgment of this Court in Madan Gopal Bagla's case (2 ) and
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)