Supreme Court · 1965 INSC 277 · Decided 3 December 1965
Commissioner of Income-Tax, Madhya Pradesh ETC. . v. M/S. Straw Products LTD., Bhopal
- Court
- Supreme Court of India
- Citation
- 1965 INSC 277 · [1966] 2 S.C.R. 881
- Case number
- CIVIL APPEAL No. 893/1964
- Decided
- 3 December 1965
- Bench
- K. SUBBA RAO, J.C. SHAH, S.M. SIKRI (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 66(1)
Headnote
88 1 Taxation Laws (Merged States Removal of Difficulties) Order, 1949 Paragraph 2 as amended by Taxation Laws (Merged States) (Removaf of Difficulties) (Amendment) Order l'i62-Explanation added to Para­ g'rcph 2-Meaning of term "depreciation actually allott',ed" retrospective and validity of 1962 Order. The respondent company, incorporated in 1939 in the erstwhile State of Bhopal, was exempted under an agreement with the Ruler from taxa­ tion under the Bhopal Income-tax Act for a period of ten years which ended on October 31, 1948. After the merger
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