Supreme Court · 1961 INSC 219 · Decided 17 July 1961
Shri Kanhaiyalal Lohia v. The Commissioner of Income-Tax, West Bengal
- Court
- Supreme Court of India
- Citation
- 1961 INSC 219 · [1962] 2 S.C.R. 839
- Case number
- CIVIL APPEAL No. 347/1960
- Decided
- 17 July 1961
- Bench
- S.K. DAS, M. HIDAYATULLAH, J.C. SHAH (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Constitution; Income Tax Act Section 66(1), 66(A)
Headnote
SUPREME COURT REPORTS 839 SHRI KANHAIYALAL LOHIA v. THE COMMISSIONER OF INCOME-TAX, WEST BENGAL (S. K. Das, M. HIDAYATULLAH and J.C. SHAH, JJ.) Income-Tax-Appeal from High Court's order-Procedure­ Appeal from order of the Tribunal by,passing High Court's order­ Appeal if of Rs. 7,60,000 odd to them though he had to overdraw his account with the Bank and to pay interest or the amount borrowed to raise the money. He also made a transfer of some of his businesses to them. His explanation was that these gifts were made to set these two persons up in business. The
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