| Case ID |
4bd84096-456d-4346-92b2-146ab44567fa |
| Body |
View case body. Login to View |
| Case Number |
D-121 to 125 of 1976 |
| Decision Date |
Mar 20, 1987 |
| Hearing Date |
|
| Decision |
The court held that the receipts of pranamis were indeed casual and non-recurring, thus qualifying for exemption under section 10(3) of the Income-tax Act, 1961. The Tribunal's ruling was reaffirmed based on previous decisions, ensuring consistency in the interpretation of the law regarding casual receipts. The decision favors the assessee, establishing a precedent for similar cases in the future. The court emphasized that both parties would bear their own costs due to the unique circumstances of this case. |
| Summary |
This case revolves around the interpretation of section 10(3) of the Income-tax Act, 1961, concerning the tax-exempt status of certain receipts. The Patna High Court examined whether the pranamis received by the assessees were casual and non-recurring, hence exempt from taxation. The court referenced a prior decision involving the same parties, reinforcing the legal principle that such receipts do not constitute taxable income. The ruling is significant as it clarifies the application of tax exemptions in similar contexts, potentially influencing future tax litigation. The case highlights the importance of judicial consistency in tax law and serves as a guide for taxpayers and tax professionals alike, ensuring they understand the nuances of exemptions under the Income-tax Act. The court's decision is a pivotal moment for the assessees involved, offering them relief and setting a favorable precedent for others in similar situations. The keywords relevant to this case include income tax exemptions, casual receipts, legal precedents, and tax litigation. |
| Court |
Patna High Court
|
| Entities Involved |
Sarbamangala Devi,
Dr. P.R. Chakravarty
|
| Judges |
S.K. Jha,
Nazir Ahmad
|
| Lawyers |
B.P. Rajgarhia,
S.K. Sharan,
L.N. Rastogi,
L.N. Khanna
|
| Petitioners |
Commissioner of Income Tax
|
| Respondents |
Smt. Sarbamangala Devi
|
| Citations |
1987 SLD 2993,
(1987) 165 ITR 346
|
| Other Citations |
CIT v. Sarbamangala Devi [1987] 163 ITR 898,
CIT v. Dr. P.R. Chakarvarty (1987) 165 ITR 345
|
| Laws Involved |
Income-tax Act, 1961
|
| Sections |
10(3)
|