Case Law Details
Case Name : M/s. Sundaram Finance Ltd. Vs Assistant Commissioner of Income Tax, Chennai (Supreme Court of India)
Appeal Number : Civil Appeal No. 5895 OF 2008
Date of Judgement/Order : 11/09/2012
Related Assessment Year :
Courts :
Supreme Court of India
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It is now well settled that in determining whether a receipt is liable to be taxed, the taxing authorities cannot ignore the legal character of the transaction which is the source of the receipt. The taxing authorities are bound to determine the true legal character of the transaction. In the present case, the
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