Supreme Court · 1993 INSC 125 · Decided 30 March 1993
Universal Radiators, Coimbatore v. Commissioner of Income Tax, Tamil Nadu
- Court
- Supreme Court of India
- Citation
- 1993 INSC 125 · [1993] 2 S.C.R. 775
- Case number
- CIVIL APPEAL No. 5897/1983
- Decided
- 30 March 1993
- Bench
- T.K. THOMMEN, R.M. SAHAI (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 4, 10(3), 2(24)
Headnote
,. . UNIVERSAL RADIATORS, COIMBATORE A v. COMMISSIONER OF INCOME TAX, TAMIL NADU )'- MARCH 30, 1993 [DR. T.K. THOMMEN AND R.M. SAHA!, JJ.) B - Income Tax Act, 1961 : Sections 4 and 10(3). Assessee-Manufacturer of automobile radiators-Copper ingots booked from America-To be rolled in Bombay as and of the Indian rnpee before devaluation and that received. after devaluation-Excess held a capital receipt-Not business receipt-Receipt of casual nature-Sterilization of stock in trade. D Words and Phrases-Meaning of 'lnconie'-'Casuar. The appellant-assessee a manufacturers of radiators for
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