Supreme Court · 1997 INSC 110 · Decided 5 February 1997
Associated Stone Industries (Kotah) LTD. v. Commissioner of Income Tax, Rajasthan
- Court
- Supreme Court of India
- Citation
- 1997 INSC 110 · [1997] 1 S.C.R. 957
- Case number
- CIVIL APPEAL No. 685/1980
- Decided
- 5 February 1997
- Bench
- B.P. JEEVAN REDDY, K.S. PARIPOORNAN (2-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 34(1)(a), 34(1)(b), 34(l)(a)
Headnote
B I )- ,>.- Income Tax Act 1922-Sections 34(1)(a), 34(1)(b)-Re- assess- ment-Requirements-Duty of assessee to disclose material f acts-Assessee, a Public Limited Company carrying on business of quarrying stones on a lease granted by Maharao of Kotah--f'ayment of Royalty by assessee in terms of Kotah with. State of Rajas- than-Dispute as regards levy of tax between assessee, State of Rajasthan and Union of India pending before District Court-Amount of excess royalty paid, earlier allowed as deduction, disallowed on re-assessment-Held, Re-assess- ment proceedings initiated in the
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