Supreme Court · 1963 INSC 230 · Decided 20 November 1963
Commissioner of Income-Tax, Hyderabad v. Sri Rajareddy Mallaram
- Court
- Supreme Court of India
- Citation
- 1963 INSC 230 · [1964] 5 S.C.R. 508
- Case number
- CIVIL APPEAL No. 290/1963
- Decided
- 20 November 1963
- Bench
- A.K. SARKAR, M. HIDAYATULLAH, J.C. SHAH (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 34
Headnote
COURT REPORTS . [1964) 1963 the partners and therefore on him. The partnership agreement did not speak of market value or fair Jivarajbhai value. It stated that the purchase price or the book Ujamshi Sheth value as the. case may be alone could be taken into and others account. This meant that the or market price at all. Hidayatullah J. I do not think that we should supersede the 1963 November 20. arbitration agreement under s.19. No circumstance was made out for such a course. I would have direc­ ted a remit to the arbitrator under s. 16 of the Arbit­ ration Act 1940 but my
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