SC Judgment on Whether apparent can be considered as real?

Sumati Dayal Vs. CIT (Supreme Court) Explore the Supreme Court judgment in the case of Sumati Dayal vs. CIT (Commissioner of Income Tax) and understand whether the apparent can be considered as real. The judgment emphasizes the application of the test of human probabilities and surrounding circumstances in taxation matters. Learn about the key findings of the court, the relevance of the case in assessing income, and the caution against the indiscriminate application of the judgment in various scenarios. Whether the apparent can be considered as real? As laid down by this Court, apparent must b...