CHUHARMAL S-0 TAKARMAL MOHNANI v. COMMISSIONER OF INCOME-TAX, M.P., BHOPAL

Citation: [1988] 3 S.C.R. 788

Court: Supreme Court of India

Bench: SABYASACHI MUKHERJI, S. RANGANATHAN

Case summary

The High Court has rightly held that the expression 'income' as used in section 69A of the Act, has wide meaning which meant anything which came in or resulted in gain.

Judgment text

The High Court has rightly held that the expression 'income' as used in section 69A of the Act, has wide meaning which meant anything which came in or resulted in gain.