Supreme Court · 2000 INSC 61 · Decided 10 February 2000
M/S. Malabar Industrial CO. LTD. v. Commissioner of Income-Tax, Kerala State
- Court
- Supreme Court of India
- Citation
- 2000 INSC 61 · [2000] 1 S.C.R. 744
- Case number
- CIVIL APPEAL No. 3646/1993
- Decided
- 10 February 2000
- Bench
- D.P. WADHWA, S.S.M. QUADRI (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 263, 263(1)
Headnote
lNDVSTRlAL CO. LTD. v. COMMISSIO:-."ER OF INCOME-TAX, KERALA STATE FEBRUARY 10, 2r:oo B ID.P. WADHWA AND S.S. MOHA'vlMBD QCADRI, JJ.I Income Tax Act. 1961: Section 26.r--Damages;compensation nceived by the appellallt in lieu of late payment of the sale cumideration against sale of tu che interests of Revenue--Ordered that it should be taxed undi:r the head 'income from other sources'-Appeal before the Tribunal and subsequently, reference to the High Court dismissed-On appeal, Held : Section 263 of the Act can be invoked D 011(v when the order uf the Assessi11g
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