Landmark case · Law of Taxation · Semester 6
K.P. Varghese v. ITO
(1981) 4 SCC 173 · Supreme Court of India
Charging and computation provisions are construed strictly in favour of the assessee where two readings are possible.
From topic
Exemptions, clubbing and set-off — Unit III, Law of Taxation.
Related sections:
- Income-tax Act, 1961, 10 — Incomes not included in total income
- Income-tax Act, 1961, 60–64 — Clubbing of income
- Income-tax Act, 1961, 70–80 — Set-off and carry-forward of losses