Supreme Court · 1971 INSC 179 · Decided 5 August 1971
T. S. Balaram, Income Tax Officer, Company Circle Iv, Bombay v. M/S. Volkart Brothers, Bombay
- Court
- Supreme Court of India
- Citation
- 1971 INSC 179 · [1972] 1 S.C.R. 30
- Case number
- CIVIL APPEAL No. 1170/1968
- Decided
- 5 August 1971
- Bench
- K.S. HEGDE, A.N. GROVER (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Constitution Article 226; Income Tax Act Section 17(1), 154
Headnote
lncome tax Act~ · t961, s. 154-Mistake apparent from tl1<· re,·ord must be a patew mistake on which there can be no two opinions-Whether s. 17(1) of Jncome-tax Act, 1922 applied to firm ... is not a question on which rher.e can be no two opinions. ll. (' The respondent tlnn as the lncome tax Act, 1961. In the original asses~­ ments of the firm fo~ the years 19.58-59, 1960-61, 1961-62 and 1962-63 assessments were made on the sJab rates prescribed under the respective Finance Acts applicable to registered firms. In the individual asses~­ ments of the partners,
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