Supreme Court · 1970 INSC 125 · Decided 5 May 1970
Commissioner of Income -Tax, West Bengal Ii v. Rajasthan Mines LTD., Calcutta
- Court
- Supreme Court of India
- Citation
- 1970 INSC 125 · [1971] 1 S.C.R. 517
- Case number
- CIVIL APPEAL No. 1627/1968
- Decided
- 5 May 1970
- Bench
- J.C. SHAH, K.S. HEGDE, A.N. GROVER (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 66(1)
Headnote
OF INCOME· TAX, WEST BENGAL II B c D f G H v. RAJASTIIAN MINES LfD., CALCUTTA May 5, 1970 [J. C. SHAH, K. S. HEGDE AND A. N. GROVER, JJ.J lndi1111 /11come-ra.r Act, ( 11 of 1922)-Assessee p11rchase.v propri<tory riRlrt.~ u·ith arrea1·s of rent and royalty-Wlrether rich in coal and fireclay. The deeds assigned to the assessee the vendors' right to receive arrears of rent. and royalty in pursuance of the agreement between the vendors and third parties. Later the assessee sold its right since it could not win the mines for want of finances. The Income-tax
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