Supreme Court · 1960 INSC 89 · Decided 26 April 1960
M/S. Piyare Lal Adishwar Lal v. The Commissioner of Income-Tax, DELHI.
- Court
- Supreme Court of India
- Citation
- 1960 INSC 89 · [1960] 3 S.C.R. 669
- Case number
- CIVIL APPEAL No. 123/1957
- Decided
- 26 April 1960
- Bench
- S.K. DAS, J.L. KAPUR, M. HIDAYATULLAH (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 66(1)
Headnote
l' 3 S.C.R. SUPREME COURT REPORTS 669 M/S. PIYARE LAL ADISHWAR LAL v. THE COMMISSIONER OF INCOME-TAX, DELHI. (S. K. DAS, J. L. KAPUR and M. HIDAYATULLAH, JJ.) Income Tax-Agreement between Treasurer and Bank--Cons­ truction-Treasur~r, whether servant of Bank-Treasurer furnish­ ing security consisting of himself and his younger brother. Their father was the Treasurer of a Bank till his death in 1950. During his father's lifetime S was employed as an overseer in the Bank on a salary of Rs. 400 a month, and, subsequently, after his father's death · he was appointed Treasurer of
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