Supreme Court · 1992 INSC 120 · Decided 22 April 1992
Shrimant Padmaraje R. Kadambande v. Commissioner of Income Tax, Pune
- Court
- Supreme Court of India
- Citation
- 1992 INSC 120 · [1992] 2 S.C.R. 705
- Case number
- CIVIL APPEAL No. 2201/1979
- Decided
- 22 April 1992
- Bench
- S. MOHAN, G.N. RAY (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 2, 2(24)
Headnote
B Income Tax Act, 1961: Section 2(24 )-Asses see in receip~ of compassionate payment in lieu of cash allowance abolished-Payment purely compassionate, discretionary and C voluntary, at the request of the assessee-Assessee having no right to demand payment-Absence of any foundation for source of was capital receipt or income depends on nature and quality of payment and source of income and not its nomenclature or periodicity. Bombay Merged Territories Miscellaneous Alienations Abolition Act, 1955: Section 15(1). D Interpretation of Statutes-Internal aids-Marginal Heading of a Sec­
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