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Supreme Court of India

S. R. Y. Sivaram Prasad Bahadur v. The Commissioner of Income Tax Hyderabad

Neutral citation
Reported as [1972] 1 S.C.R. 320
Bench K. S, Hegde and A. N. Grover JJ.
Decided 19 August 1971

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.

7 Supreme Court benches have cited this judgment.

What the Court ordered

For the reasons mentioned earlier both 'those decisions must be held to F have proceeded on an erroneous view of the decision of this Court.

Judgment, page 13

From the headnote

hicome-Tax-Capital and Revenue-Interim payment received under s. 50(2) of Madras Estates (Abolition of Conversion into Ryotwari) .ct, 28 of 1948 whether capital receipt-Whether in lieu of interest on f'OnJpensation. The assessee was a Hindu Undivided Family. Its estate vested in the State Government of Madras under the Madras Estates (Abolition and Conversion into Ryotwari) Act 1948. It received interim payments under s. 50(2) -0f the Act. The question in the Income-tax proceedings was whether the payment S-O received was a capital or a revenue receipt. The Income-tax Officer and the

Authorities it was built on

Where later benches applied it

Of those, 7 mentioned

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