Landmark case · Law of Taxation · Semester 6
K.P. Varghese v. ITO
(1981) 4 SCC 173 · Supreme Court of India
Fair-market-value additions cannot rest on a mere difference in figures; the Revenue must prove understatement.
From topic
Salary and income from house property — Unit II, Law of Taxation.
Related sections:
- Income-tax Act, 1961, 14 — Heads of income
- Income-tax Act, 1961, 15–17 — Salaries, perquisites and profits in lieu of salary
- Income-tax Act, 1961, 22–27 — Income from house property