Supreme Court · 1979 INSC 87 · Decided 17 April 1979
Madhav Prasad Jatia v. Commissioner of Income Tax, U.P., Lucknow
- Court
- Supreme Court of India
- Citation
- 1979 INSC 87 · [1979] 3 S.C.R. 745
- Case number
- CIVIL APPEAL No. 1831/1972
- Decided
- 17 April 1979
- Bench
- P.N. BHAGWATI, V.D. TULZAPURKAR (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 12(2), 10(2)(iii)
Headnote
Income-Tax Act 1922, Section l0(2)(iii), !0(2)(xv)-Deduction against business incorne-Condition.r 'lo be satisfied under Section 10{2)(iii) and 10(2)(.[V) for c!ain1ing deduction, explained-Words and Phrases-"For the purpose of business'', scope of. The appellant-assessee carried on from various sources such as investment in shares, properties and business. Pursuant to her promise to donate a sum of Rs. 10 lacs for setting up an Engiiieer!~1g College to commemorate the memory of her lat'e husband, she actually made over a sum of Rs. 5.5 lacs by depositing the same in a joint
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