Supreme Court · 1985 INSC 187 · Decided 29 August 1985
The Commissioner of Income Tax, Bangalore v. Sri J.H. Gotla, Yadagiri
- Court
- Supreme Court of India
- Citation
- 1985 INSC 187 · [1985] SUPP. 2 S.C.R. 711
- Case number
- CIVIL APPEAL No. 1596/1973
- Decided
- 29 August 1985
- Bench
- V.D. TULZAPURKAR, SABYASACHI MUKHERJI, RANGANATH MISRA (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 16(3), 24(2)(ii), 64, 24(2)
Headnote
OF INCOME TAX, BANGALORE v. SllI J.H. GOTLA, YADAGIR! AUGUST 29, 1985 (V .D. TULZAPIJRKAR, SABYASACHI MUKHARJI AND RANGANATH MISRA, JJ • l Income Tax Act, 1922 Sections 16(3) and 24(2) (ii). Income Tax Act, 1961 Section 64. Asses see an Individual - Running oil mill and services to this firm - Losses incurred by assessee .in his indi- A B c vidual business in previous years - Whether set off can be D claimed against profits in his business and share income of minor children. Statutory Interpretation. Taxing Statutes - Interpretation of - Strict literal
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