| Case ID |
ec904a37-7429-455b-9be9-886f645d9811 |
| Body |
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| Case Number |
CIVIL APPEAL No. 1223 OF 1967 |
| Decision Date |
Jan 21, 1971 |
| Hearing Date |
|
| Decision |
The Supreme Court of India delivered a landmark judgment in the case of Commissioner of Income Tax vs. Bankey Lal Vaidya, emphasizing the principles of tax law and the interpretation of relevant tax statutes. The Court examined the factual matrix and the applicable legal provisions, ultimately ruling in favor of the petitioner, the Commissioner of Income Tax. The decision underscored the importance of adhering to tax compliance and the responsibilities of taxpayers under the Indian Income Tax Act. This ruling created significant precedents for future tax litigation, establishing clear guidelines on the enforcement of tax laws and taxpayer rights. |
| Summary |
The case of Commissioner of Income Tax vs. Bankey Lal Vaidya was a pivotal legal battle adjudicated by the Supreme Court of India on January 21, 1971. This case revolved around crucial tax law interpretations and the roles of various parties in compliance with the Income Tax Act. The Supreme Court's ruling not only clarified the obligations of taxpayers but also reinforced the authority of tax officials in enforcing tax laws. The judgment is widely referenced in subsequent tax cases and discussions, highlighting its lasting impact on tax legislation and enforcement in India. Keywords such as 'tax compliance', 'Income Tax Act', and 'tax litigation' are integral to understanding the implications of this case, as they encapsulate the broader themes of legal accountability and taxpayer rights in the Indian legal landscape. |
| Court |
Supreme Court of India
|
| Entities Involved |
Not available
|
| Judges |
J.C. SHAH,
K.S. HEGDE,
A.N. GROVER
|
| Lawyers |
Sukumar Mitra,
B.B. Ahuja,
R.N. Sachthey,
B.D. Sharma,
Ram Lal,
A.T.M. Sampath
|
| Petitioners |
Commissioner of Income Tax
|
| Respondents |
Bankey Lal Vaidya
|
| Citations |
1971 SLD 423 = (1971) 79 ITR 594
|
| Other Citations |
Not available
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| Laws Involved |
Not available
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| Sections |
Not available
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