Supreme Court · 1963 INSC 227 · Decided 18 November 1963
Commissioner of Income-Tax, Punjab v. Indian Woollen Textile Mills
- Court
- Supreme Court of India
- Citation
- 1963 INSC 227 · [1964] 5 S.C.R. 427
- Case number
- CIVIL APPEAL No. 96/1963
- Decided
- 18 November 1963
- Bench
- A.K. SARKAR, M. HIDAYATULLAH, J.C. SHAH (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Constitution; Income Tax Act Section 15C, 66(1)
Headnote
SUPREME COURT REPORTS 427 COMMISSIONER OF INCOME-TAX, PUNJAB v. INDIAN WOOLLEN TEXTILE MILLS (A.K. SARKAR, M. HIDAYATULLAH AND J.C. SHAH, JJ.) Income Tax-Tribunal ignores essential evidence-Refusal to state case-Power of High Court-Income-tax Act, 1922(11 of 1922), ss. !SC & 66(1) (2). the capital employed in 'ElcJee' as a newly established undertaking and sought to include in the computation of the capital so employed the amount advanced to 'Castle'. The Income­ tax Appellate Tribunal directed inclusion of the amount advanced to 'Castle' in the computation of capital
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