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.
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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