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.
Unit II · Law of Taxation
Salary and income from house property
Study aid only. Confirm statute numbers with the current bare Act and the official OU LL.B. (3-YDC) 2024–25 syllabus PDF.
Statute sections
| Act / instrument | Section | Name |
|---|---|---|
| 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 |
Landmark cases
CIT v. G.K. Devarajulu
heads-of-income line · Supreme Court of India
Income must be computed under the correct statutory head; mischaracterisation vitiates the assessment.