Supreme Court · 1988 INSC 145 · Decided 5 May 1988
R.K. Palshikar (Huf) v. Commissioner of Income-Tax, Madhya Pradesh, Nagpur, Bhandara, Nagpur
- Court
- Supreme Court of India
- Citation
- 1988 INSC 145 · [1988] 3 S.C.R. 989
- Case number
- CIVIL APPEAL No. 613/1975
- Decided
- 5 May 1988
- Bench
- R.S. PATHAK, M.H. KANIA (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act
Headnote
(HUF) v. COMMISSIONER OF INCOME-TAX, MADHYA PRADESH, NAGPUR, BHANDARA, NAGPUR MAY 5, 1988 [R.S. PATHAK, CJ, AND M.H. KANIA, J.] Indian Income-tax Act, 1922-Whether grant of leases by assessee amounts to transfer of Capital assets as contemplated under Section 12-B of-Whether capital gains High Court against its judgment on a reference made under Section 66( 1) of the Indian Income-tax Act ("the said Act"). The appellant(assessee owned some agricultural land, which the assessee developed into building sites. The assessee leased out the build­ ing sites to various
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)