Supreme Court of India
Commissioner of Income-tax, Madras v. Bagyalakshmi & Co., Udamalpet
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.
4 Supreme Court benches have cited this judgment.
What the Court ordered
We hold that the High Court has given correct answers to the question propounded.
Judgment, page 7
From the headnote
Income Tax-Registration of firm-Members of Hindu undivided family representing it as partners in firm-Partition of Hindu undivided family- Variance between the interests of the members as shown in partnership deed and as shown in partition deed-Partnership otherwise genuine-Whether registerabk-Indian Income-tax Act, 1922 (11 of 1922), s. 26A. and his son V belonged to a Hindu undivided family, and as repre- scntatives of the family were partnero in the assesee-firm holding therein shares of 7t as. and 2t as. respectively. The family thus held through them, an interest of 10 as. in the
Authorities it was built on
Where later benches applied it
- 1997 Rashik Lal and Co. v. Commissioner of Income Tax, Orissa
- 1997 Commissioner of Income Tax Kerala-ii; Ernakulam v. M/s. Kandath Motors Etc.
- 1970 Commissioner of Income-tax, Madhya Pradesh v. Sir Hukumchand Mannalal & Co.
- 1966 Commissioner of Income-tax, Punjab v. M/s. Chander Bhan Harbhajan Lal
Of those, 4 mentioned
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