Supreme Court · 1961 INSC 79 · Decided 7 March 1961
The Commissioner of Income-Tax, Madhya Pradesh v. Seth Khushal Chand Daga
- Court
- Supreme Court of India
- Citation
- 1961 INSC 79 · [1962] 1 S.C.R. 186
- Case number
- CIVIL APPEAL No. 148/1960
- Decided
- 7 March 1961
- Bench
- J.L. KAPUR, M. HIDAYATULLAH, J.C. SHAH (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 24
Headnote
COURT REPORTS [1962] r96r persons and was rightly so assessed to Income-tax - and Excess Profits Tax. The Commission" Th ] h c ]] d · h of Income-tax, e appea s are t ere1ore a owe wrt costs. One Poona hearing fee. v. Buldana District Main Cloth Importers Group Kapur 1 March 7. not notified in writing-Effect-Income-tax Act, 1922 (XI of 1922), ss. 24, 24(3). For the accounting year 1941 the assessee's profits from his share in an unregistered firm were set off against his losses in the individual business and the Income Tax Officer determined the loss to be carried
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