Meaning of tax terms

Meaning of “Income as returned

Posted on by Prashant Thakur

Case Name : Mansukhlal & Bros. Vs. CIT

Citation :[1969] 73 ITR 546 (SC)

Court : Supreme Court

Section : 271

Meaning : The words ‘income as returned’ would clearly mean income as disclosed or shown in the return filed under section 22 of the 1922 act [corresponding to section 139 of the 1961 act.]

Prashant Thakur

The author has spent more than 30 years in the field of taxation. Wrote four books -3 on on Indian Tax Law and 1 on US tax law for cryptocurrency. Apart from https:taxworry.com , he also writes on https://irstaxapp.com which is for US tax laws. He is a tech enthusiast and manages a cloud computing company that publishes innovative software.

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