Supreme Court · 1997 INSC 515 · Decided 27 May 1997
The Commissioner of Income-Tax Bombay Etc v. M/S Podar Cement PVT.LTD.
- Court
- Supreme Court of India
- Citation
- 1997 INSC 515 · [1997] SUPP. 1 S.C.R. 394
- Case number
- CIVIL APPEAL No. 9/1986
- Decided
- 27 May 1997
- Bench
- K.S. PARIPOORNAN, K. VENKATASWAMI, B.N. KIRPAL (3-judge bench)
- Outcome
- Case Partly allowed
- Case type
- Civil
- Acts & sections cited
- Transfer of Property Act; Registration Act; Income Tax Act Section 22
Headnote
PODAR CEMENT PVT.LTD. 395 promoters u/s 22 of the Act and the owners of the Oats being in beneficial •A enjoyment of the respective properties will have to pay tax u/s 56 of the Act. The respondents submitted that the owner, the person who in his own right can use the house property or again in the hands of actual user and recipient of income u/s 56 of the Act as permitting such assessment would be opposed to equity and justice which is not normally allowed by the Courts. Allowing the appeal, this Court c HELD : I.I. Under the common law 'owner' means a person who has got valid
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