Supreme Court · 1992 INSC 125 · Decided 24 April 1992
Bajaj Tempo LTD., Bombay v. Commissioner of Income Tax, Bombay City-Iii, Bombay
- Court
- Supreme Court of India
- Citation
- 1992 INSC 125 · [1992] 2 S.C.R. 765
- Case number
- CIVIL APPEAL No. 1211/1982
- Decided
- 24 April 1992
- Bench
- R.M. SAHAI, A.S. ANAND (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act
Headnote
LTD., BOMBAY v. COMMISSIONER OF INCOME TAX, BOMBAY CITY-III, BOMBAY APRIL 24, 1992 [R.M. SAHAI AND A.S. ANAND, JJ .] Income Tax Act, 1922 : A B Section JSC-lndustrial undertaking established by taking on lease C building previously used for other business-Transfer of machinery or plant of growth and development-To be liberally const1Ued. The appellant-Company, which was formed for exploiting the manufacturing licence issued by the Government in favour of its promoter­ Corporation, entered into an agreement with the promoter Corporation to secure and take over from the
Judgments are the courts' own published copies, provided for study; they are not certified copies. Source: Indian Supreme Court & High Court Judgments, Dattam Labs (CC-BY-4.0)