Supreme Court of India
Messrs Mehta Parikh & Co. v. The Commissioner of Income-tax, Bombay.
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
What the Court ordered
In view of the above it is not necessary for us to go into the question whether the High Court ought to have answered the second referred question also.
Judgment, page 12
From the headnote
Income-tax-I nconie jroni undisclosed so11,rces-Assessment Assessee' s explanation based on accounts supported by offidavits Accounts accepted as genuine and statements in affidavits not con troverted-Finding based on no evidence-Inference front. proved or iidmitted facts-If questions of law-Principle of interferencc Indian Income-tax Act (XI of 1922), ss. 62(2), 23(3), 26· . The appellants, a partnership firm assessed under ss. 23(3) and 26· of the Income·tax Act, were called upon by the Income·tax Officer during the assessment year 1947-48 to explain how and when they came to possess 61
Sign in free to read it
- The full judgment, page by page, as published in the Supreme Court Reports
- The ratio: what the Court held, verbatim, with the page it sits on
- Every bench that relied on it, and every bench that argued against it
- Search every reported judgment, by party, citation or question
- Download the PDF, copy pinpoint citations ready for a filing
An email address, no password.