Laxmipat Singhania vs Commissioner Of Income-Tax, U.P. on 30 August, 1968
12. Reliance is being placed on the decision of the Hon'ble
Supreme Court in Laxmipat Singhania Vs. Commissioner of
Income Tax, U.P. 72 ITR 291 wherein the Hon'ble Supreme
Court has observed that "It is a fundamental rule of law of
taxation that, unless otherwise expressly provided, income
cannot be taxed twice.