Supreme Court · 1965 INSC 282 · Decided 7 December 1965
Commissioner of Income-Tax, Madhya Pradesh v. M/S. Nandlal Bhandari Mills LTD.
- Court
- Supreme Court of India
- Citation
- 1965 INSC 282 · [1966] 2 S.C.R. 925
- Case number
- CIVIL APPEAL No. 629/1964
- Decided
- 7 December 1965
- Bench
- K. SUBBA RAO, J.C. SHAH, S.M. SIKRI (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 42, 10
Headnote
Taxation Laws (Part B States) (Removal of Difficulties) Order, 1950, Para 2, proviso-Depreciation allowed to non .. resident company in Part B States as well as in India-Fraction of total world income taken as Indian income-Depreciation allowed against total world income whether depreciation Indian income-Computation of written down value after 1950. In the years prior to 1950 the respondent company with headquarters in the erstwhile state of Indore was assessed to tax under the Indore In­ dustrial Rules, 1927 and also under the Indian Income-tax Act, 1922 in so far as its income
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