Supreme Court · 1956 INSC 34 · Decided 8 May 1956
Madan Gopal Bagla v. The Commissioner of Income-Tax, West BENGAL.
- Court
- Supreme Court of India
- Citation
- 1956 INSC 34 · [1956] 1 S.C.R. 551
- Case number
- CIVIL APPEAL No. 6/1954
- Decided
- 8 May 1956
- Bench
- SUDHI RANJAN DAS, NATWARLAL HARILAL BHAGWATI, T.L. VENKATARAMA AIYYAR (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 10
Headnote
COURT REPORTS MADAN GOPAL BAGLA v. THE COMMISSIONER OF INCOME-TAX, WEST BENGAL. [S. R. DAS C.J., BHAGWATI and VENKATARAMA AYYAR JJ.] 551 Income-tax-Allowable deduction-Timber business-Surety to third party-Bacl debt-Capital loss or business loss-Indian In· come-tax Act, 1922 (XI of 1922), from the Imperial Bank of India on the joint security of himself and the appellant. M failed in his business and the Imperial Bank of India realised the amount of the loan from the appellant who after getting some divi· dends from the receivers, wrote off the ha.lance as bad debt in the
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)