Supreme Court · 1956 INSC 40 · Decided 10 May 1956
Messrs Mehta Parikh & CO. v. The Commissioner of Income-Tax, BOMBAY.
- Court
- Supreme Court of India
- Citation
- 1956 INSC 40 · [1956] 1 S.C.R. 626
- Case number
- CIVIL APPEAL No. 81/1954
- Decided
- 10 May 1956
- Bench
- SUDHI RANJAN DAS, NATWARLAL HARILAL BHAGWATI, T.L. VENKATARAMA AIYYAR (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act
Headnote
626 SUPREME COURT REPORTS (1956] MESSRS MEHTA PARIKH & CO. v. THE COMMISSIONER OF INCOME-TAX, BOMBAY. (S. R. DAS C.J., BHAGWATI a.nd VENKATARAMA AYYAR JJ.] Income-tax-I nconie jroni undisclosed so11,rces-Assessment­ Assessee' s explanation based on accounts supported by offidavits­ Act (XI of 1922), ss. 62(2), 23(3), 26·A. The appellants, a partnership firm assessed under ss. 23(3) and 26· A of the Income·tax Act, were called upon by the Income·tax Officer during the assessment year 1947-48 to explain how and when they came to possess 61
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