Supreme Court · 1976 INSC 8 · Decided 21 January 1976
C.L.T., Punjab Haryana, J & K, H.P. & Union Territory of Chandigarh v. Panipat Woollen & General MILLS. CO. LTD., Chandigarh
- Court
- Supreme Court of India
- Citation
- 1976 INSC 8 · [1976] 3 S.C.R. 186
- Case number
- CIVIL APPEAL No. 622/1971
- Decided
- 21 January 1976
- Bench
- R.S. SARKARIA, S. MURTAZA FAZAL ALI (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
Headnote
PUNJAB. HARYANA, J & K, H.P. & UNION TERRITOR\ OF CHANDIGARH B c D E v. PANIPAT WOOLLEN & GENERAL MILLS. CO. LTD. CHANDIGARH January 21, l 976 [R. S. SARKAR!A AND S. MURTAZA FAZAL ALI, JJ.) Income Tox Act (II of 1922), s. 10(2) (xv)-Scope of-Payment under agreen1e11t between by Tribunal. In 1952, the asscssee·company installed a new plant by raising a loan from the Industrial Finance Corporation, and appointed a sole selling agent of its. product. Jn 1953, the assessee changed the selling agent, and entered into an agreement with another selling
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