Supreme Court · 1970 INSC 129 · Decided 6 May 1970
India Machinery Stores (P) LTD. v. Commissioner of Income-Tax, Bihar
- Court
- Supreme Court of India
- Citation
- 1970 INSC 129 · [1971] 1 S.C.R. 539
- Case number
- CIVIL APPEAL No. 376/1967
- Decided
- 6 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 66A(2), 66, 66A
Headnote
income-tax Act, 1922, s. 66A(2)-Certificate of fitness to appeal to S11pren1e Court-High Court tn11st 1nention grounds-Certificate justified only l-v·hen question of great public or private importance is at issue. The appellant was a private limited company incorporated with the object of company. By an agreement dated August 2, 1956, the appellant company agreed to pur­ chase all the assets goodwill etc. of the vendors. By cl. 4 of the agree­ ment it was provided that all assets of the vendors in respect of their busi· ness "shall be taken over at the
Judgments are the courts' own published copies, provided for study; they are not certified copies. Source: Indian Supreme Court & High Court Judgments, Dattam Labs (CC-BY-4.0)