Supreme Court · 1951 INSC 43 · Decided 1 October 1951
Commissioner of Income Tax, Bombay v. Finlay Mills LTD.
- Court
- Supreme Court of India
- Citation
- 1951 INSC 43 · [1952] 1 S.C.R. 11
- Case number
- CIVIL APPEAL No. 103/1950
- Decided
- 1 October 1951
- Bench
- HARILAL JEKISUNDAS KANIA, MEHR CHAND MAHAJAN, N. CHANDRASEKHARA AIYAR (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 10(2)(xv)
Headnote
COURT REPORTS 11 1951 -·- We are therefore of the opinion that it was a pan of the normal activtties of the assessee's business to earn money by making use of its machinery by either em- ploying it in its own manufacturing concern or tem- porarily letting it to others for making profit for income earned by it and received from the lessee, Messrs Parakh & Co., was not Commissioner of Excess Profits Tax, Bombay · chargeable to excess profits tax. The result therefore is that we hold that the answer returned by the High Court to the question referred to it by the Tribunal
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)