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Supreme Court Upholds Commissioner of Income-tax in Disallowing Deduction of Tax Paid for Non-Resident Principal as Business Loss. Commission Agent's Liability Under Section 42(2) of Indian Income-tax Act, 1922 Not a Trading Loss Deductible Under Section 10(1) or 10(2)(xi)....

The dispute concerned the deductibility of a sum of Rs.3,20,162 claimed by a commission agent as a business loss or bad debt under the Indian Income-tax Act, 1922. The respondent, a registered firm, c...

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Supreme Court Allows Assessee in Income Tax Matter; Service Connection Receipts Held Capital Receipts Under Indian Income-tax Act, 1922. Receipts from Consumers for Laying Service Lines Constitute Capital Receipts as They Bring into Existence Capital of Lasting Value; Excess Remaining After Installation Cost Is Not Taxable as Trading Profit....

The Supreme Court of India adjudicated a civil appeal arising from a reference under Section 66(1) of the Indian Income-tax Act, 1922. The assessee, Hoshiarpur Electric Supply Co., was a licensee of a...

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Supreme Court Dismisses Appeal Against Union of India in Writ Jurisdiction Territoriality Case. High Court's Power Under Article 226 Does Not Extend to Union Government Located Outside Its Territory, Even If Petitioner Resides Within and Order Has Effect There....

The appellant, Lt. Col. Khajoor Singh, holding a substantive rank of Lieutenant Colonel in the Jammu and Kashmir State Forces which were amalgamated with the Defence Forces of the Union with effect fr...

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Supreme Court Upholds Commissioner of Income Tax in Income Tax Reference Regarding Capital Loss on Shares Acquired for Managing Agency. Acquisition of Managing Agency Held Capital Asset; Loss on Sale of Shares Purchased to Obtain Controlling Voting Rights Not Deductible as Revenue Loss Under Indian Income-tax Act, 1922....

The Supreme Court adjudicated an appeal by special leave against an order of the Bombay High Court in an income-tax reference concerning the deductibility of a loss incurred on the sale of shares acqu...

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Supreme Court Upholds Income Tax Officer in Reassessment Notice Under Indian Income-tax Act, 1922. Order Recording 'No Proceeding' on Nil Return Constituted Final Assessment and Did Not Bar Section 34(1) Reassessment for Escaped Income....

This appeal before the Supreme Court of India concerned the validity of a reassessment notice under Section 34 of the Indian Income-tax Act, 1922. The appellant, a Hindu Undivided Family carrying on b...

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Supreme Court Upholds Income-tax Department's Refusal to Register Partnership Deed with Minor as Full Partner Under Section 26A of Income-tax Act, 1922. Deed Describing Minor as Full Partner with Equal Rights and Obligations Invalid as Contrary to Section 30 of Indian Partnership Act, 1932....

The appeal arose from an income-tax registration dispute under Section 26A of the Indian Income-tax Act, 1922. The assessee firm, Messrs. Dwarkadas Khetan & Co., Bombay, claimed registration for the a...

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Supreme Court Upholds Dismissal of Police Officer in Corruption Case Under Section 7 Police Act, 1861. Departmental Trial After Magisterial Inquiry Valid Under Para 489(2) U.P. Police Regulations, Despite Non-Compliance with Para 486(1) Registration Requirement....

The appeal before the Supreme Court arose from a writ petition filed by a police officer challenging his dismissal. The respondent was appointed as a constable in U.P. Police Force in 1933, promoted t...

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Supreme Court Upholds Revenue in Disallowance of Maintenance Deduction Under Income-tax Act. Consent Decree for Maintenance to Wife and Children Without Charge on Income Did Not Divert Income by Overriding Title, so Payments Were Application of Income After Receipt and Not Deductible Under Section 3 of the Income-tax Act, 1922....

The assessee, an individual with multiple sources of income including property, stocks, shares, bank deposits, and a share in a firm, followed the financial year as his accounting year. For the assess...