Supreme Court · 1973 INSC 37 · Decided 5 March 1973
Shew Kissen Bhattar v. The Commissioner of Income Tax, Calcutta
- Court
- Supreme Court of India
- Citation
- 1973 INSC 37 · [1973] 3 S.C.R. 567
- Case number
- CIVIL APPEAL No. 1500/1970
- Decided
- 5 March 1973
- Bench
- K.S. HEGDE, P. JAGANMOHAN REDDY, HANS RAJ KHANNA (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 9(l)(iv)
Headnote
Jndic.·n Jnco1ne Tax Act, 1922, s. 9( 1) (iv)-Scope of-Consent de~ cree in respect of property involved Stipulating pay111ent of co1npounJ interest by assessee-Assessee claiming deduction of compound interest­ I.Interpretation of expressions "amount of any interest on a.uch on such. capital' in s. 9(1) (iv)-Held assesse~ entitled to deduct only si111ple interest payable. The assessee, a trustee of . the house property, claimed deduc­ tion of compound interest in terms of a consent decree passed in April 19, 1928, in a title suit in respect of the property.
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)