Supreme Court of India

K.P. Varghese v. The Income-tax Officer, Ernakulam, and Another

Neutral citation

Reported as [1982] 1 S.C.R. 629

Bench P.N. Bhagwati and E.S. Venkataramiah JJ.

Decided 4 September 1981

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.

29 Supreme Court benches have cited this judgment.

From the headnote

Capital gains-Whether understatement of consideration in a transfer of pro· perty Is a necessary condition for attracting the applicability of sub-.section (2) of section 52 of the Income Tax Act, 1961-Burden of proof of such understatement is on the Revenue-Interpretation of statutes, explained, The appellant assessee sold his house in Ernakularn on 25th of December, 1965 to his daughter-in-law and five of his children for the same price of Rs. 16,500 at which he purchased in the year 1958. The assessment of the assessee for the assessment year 1966-67 for which the relevant accounting year

Where later benches applied it

2022 Commissioner of Central Excise, Raipur v. M/s Sepco Electric Power Construction Corporation relied on
2022 Union of India & Anr v. M/s Mohit Minerals Pvt. Ltd. through Director relied on
2022 Kalyan Dombivali Municipal Corporation v. Sanjay Gajanan Gharat and Another relied on
2021 The Mavilayi Service Cooperative Bank Ltd. & Ors. v. Commissioner of Income Tax, Calicut & Anr. relied on
2020 Tofan Singh v. State of Tamil Nadu relied on
2020 Rajasthan State Electricity Board v. The Dy. Commissioner of Income Tax (assessment) & Anr. relied on
2017 M/s. Southern Motors v. State of Karnataka and Others relied on
2012 Rohitash Kumar & Ors. v. Om Prakash Sharma & Ors. relied on
2026 Ultratech Cement Limited v. The State of Gujarat referred to
2025 Sajithabai and Ors. v. The Kerala Water Authority and Ors. referred to
2024 Narcotics Control Bureau v. Kashif referred to
2024 Kirloskar Ferrous Industries Limited & Anr. v. Union of India & Ors. referred to
2024 Mineral Area Development Authority & Anr. v. M/s Steel Authority of India & Anr. Etc. referred to
2023 K.T.V. Health Food Pvt. Ltd. v. Union of India and Ors referred to
2022 Assistant Commissioner of Income Tax (exemptions) v. Ahmedabad Urban Development Authority referred to
2022 Securities and Exchange Board of India v. National Stock Exchange Members Association and Anr referred to
2022 Vijay Madanlal Choudhary & Ors. v. Union of India & Ors. referred to
2021 M.M. Aqua Technologies Ltd. v. Commissioner of Income Tax, Delhi-iii referred to
2021 Ghanashyam Mishra and Sons Private Limited through the Authorized Signatory v. Edelweiss Asset Reconstruction Company Limited through the Director & Ors. referred to
2020 M/s Bangalore Club v. The Commissioner of Wealth Tax & Anr. referred to
2019 Committee of Creditors of Essar Steel India Limited through Authorised Signatory v. Satish Kumar Gupta & Ors. referred to
2019 The Authorised Officer, Indian Bank v. D. Visalakshi and Anr. referred to
2018 Telangana Housing Board v. Azamunnisa Begum (died) Thru. Lrs. & Ors. referred to
2017 Kalpana Mehta and Others v. Union of India and Others referred to
2016 Commissioner of Income Tax v. M/s. Meghalaya Steels Ltd. referred to
2015 Securities & Exchange Board of India v. Icap India Pvt. Ltd. referred to
2015 S.E.B.I. v. Alliance Finstock Ltd. & Ors. Etc. Etc. referred to
2015 Commissioner of Income Tax, Gauhati & Ors. v. M/s. Sati Oil Udyog Ltd. & Anr. referred to
2014 The Security Association of India & Anr. v. Union of India & Ors. referred to

Of those, 8 relied on · 21 referred to

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