Reviewed case brief
CIT v Harprasad and Co
[VERIFY]
[VERIFY] · Supreme Court of India
- Court
- Supreme Court of India
- Year
- 1975
- Subjects
- Law of Taxation
- Reviewed
- 2026-08-02
Rule established
A receipt that is capital in nature does not become income merely because it is received in the course of business; the character of the receipt must be determined.
Facts
Issues
Held
Ratio decidendi
How to use it in an exam
Editorial source
[VERIFY]
Educational summary only. Read the reported judgment or an authorised law report before relying on the case professionally.