Supreme Court · 1966 INSC 205 · Decided 5 October 1966
Commissioner of Wealth Tax, Madras v. Ramaraju Surgical Cotton Mills, LTD.
- Court
- Supreme Court of India
- Citation
- 1966 INSC 205 · [1967] 1 S.C.R. 761
- Case number
- CIVIL APPEAL No. 674/1965
- Decided
- 5 October 1966
- Bench
- J.C. SHAH, V. RAMASWAMI, VISHISHTHA BHARGAVA (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
Headnote
F G H COMMISSIONER OF WEALTH TAX, MADRAS v. RAMARAJU SURGICAL COTfON MILLS, LTD. October 5, 1966 (J.C. SHAH, V. RAMASWAMI.AND V. BHARGAV..\ JJ.] Wealth Tax Act (27 of 1957), s. 5(1) (xxi)-Exemption-Crit!ria for period-'~et up'' and "''elitabli$Jied" 11 meaning-Question not raised before laid out for settmg up a new umt. The bcence for settmg up the new UDtt was granted in 1955; the construction of the factory building was complet­ ed by December 1957; the erection of the machinery and plant was com. pleted in several stages commencing from June 1957; the licence for
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