Supreme Court of India
Commissioner of Income Tax, Gujarat v. M/s. S. C. Kothari
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3 Supreme Court benches have cited this judgment.
From the headnote
Income-tax Act (ll of 1922), ss. 10(1) and (2) and s. 24(1) Scope of. Forward Contracts (Regulation) Act, 1952 s. 15 ( 4 )-Contract in violation of-If illegal Section 15 ( 4) of the Forward Contracts (Regulation) Act, 1952 is conceived in the larger interest of the public to protect them against the malpractices indulged in by members of recognised associations in resoect of transactions in which their duties as agents come into conflict with theiI personal interest. · Parliament had made a writing, evidencing or confirming the consent or authority of a non-member, as a condition of the
Authorities it was built on
Where later benches applied it
- 2020 National Co-operative Development Corporation v. Commissioner of Income Tax, Delhi-v
- 2017 State of Karnataka v. Selvi J. Jayalalitha & Ors.
- 2023 The Commissioner of Income Tax Jaipur v. Prakash Chand Lunia (d) Thr. Lrs. & Anr.
Of those, 2 relied on · 1 not applicable
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