Commissioner Of Income Tax vs Western India Oil Distributing Co. Ltd.

Authority: Supreme Court Date: 1997-04-23 AY: 1959-60, 1960-61, 1961-62, 1962-63 Section: 10(2)(vi) Acts: Income Tax Act 1961 Result: Assessee Citation: (2001) 169 CTR (SC) 99 : (2001) 249 ITR 517 (SC) : (2001) 117 TAXMAN 372 (SC) Justices: S.C. Agrawal, K.T. Thoma& D.P. Wadhwa, JJ. Appeal No: Civil Appeal Nos. 2972 to 2975 of 1981*
Whether the principle of finality applicable to quantification of loss extends to determination of the source of income and the allowance of loss carry forward --- Held No.

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