Supreme Court · 1969 INSC 34 · Decided 12 February 1969
P. M. Mohammad Meerakhan v. Commissioner of Income-Tax, Ernakulam
- Court
- Supreme Court of India
- Citation
- 1969 INSC 34 · [1969] 3 S.C.R. 659
- Case number
- CIVIL APPEAL No. 1230/1967
- Decided
- 12 February 1969
- Bench
- J.C. SHAH, V. RAMASWAMI, A.N. GROVER (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act
Headnote
MOHAMMAD MEERAKHAN v. COMMISSIONER OF INCOME-TAX, ERNAKULAM February 12, 1969 B (J.C. SHAH, V. RAMASWAMI AND A. N. GROVER, JJ.) c D E F G H Income-tax Act (II of 1922)-Sing/e Transaction to purchase estate-­ No means to buy-Purchasers found-Plots sold and one retained­ whether transaction as advance and it was agreed that the sale deed was to be executed by a specified date either in favour of the assessee or his nominees. The assessee did not have resources to buy land even worth a lakb nor could cultivate the land himself. He divided the land into 23 plots and found
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