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PETITIONER: M/S. PIYARE LAL ADISHWAR LAL
Vs.
RESPONDENT: THE COMMISSIONER OF INCOME-TAX, DELHI.
DATE OF JUDGMENT: 26/04/1960
BENCH: KAPUR, J.L. BENCH: KAPUR, J.L. DAS, S.K. HIDAYATULLAH, M.
CITATION: 1960 AIR 997 1960 SCR (3) 669 CITATOR INFO : R 1963 SC 683 (7,21,26,30) R 1965 SC 360 (9) D 1966 SC 798 (10,12) RF 1968 SC 678 (2,4) R 1969 SC 893 (9) R 1971 SC1454 (9) RF 1973 SC 637 (7)
ACT: Income Tax-Agreement between Treasurer and Bank-Construction-Treasurer, whether servant of Bank- Treasurer furnishing security of joint family property- Emoluments received by Treasurer, whether income of joint family-lndian Income-tax Act, 1922 (II of 1922), ss. 7, 10.
HEADNOTE: S was the karta of the Hindu undivided family, consisting of himself and his younger brother. Their father was the Treasurer of a Bank till his death in 1950. During his father’s lifetime S was employed as an overseer in the Bank on a salary of Rs. 400 a month, and, subsequently, after his father’s death he was appointed Treasurer of the Bank at Delhi and sixteen other branches of the Bank. As Treasurer he furnished security to the Bank of certain properties of the Hindu undivided family. The agreement dated September 19, 1950, between him and the Bank, showed that he was appointed Treasu...