Supreme Court · 1958 INSC 55 · Decided 28 April 1958
M. K. Venkatachalam, I. T. O. and Another v. Bombay Dyeing and MFG. CO., LTD.
- Court
- Supreme Court of India
- Citation
- 1958 INSC 55 · [1959] 1 S.C.R. 703
- Case number
- CIVIL APPEAL No. 122/1956
- Decided
- 28 April 1958
- Bench
- T.L. VENKATARAMA AIYYAR, P.B. GAJENDRAGADKAR, A.K. SARKAR (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Constitution Article 226; Income Tax Act Section 1
Headnote
• S.C.R. SUPREME COURT REPORTS M. K. VENKATACHALAM, I. T. 0. AND ANOTHER v. BOMBAY DYEING AND MFG. CO., LTD. (VENKATARAMA AIYAR, GAJENDRAGADKAR and A. K. SARKAR JJ.) 703 Income-tax-Rectification of order of assessment--Amendment of law with retrospective enforcement-Error resulting from such of r953), SS. I and IJ. The Income-tax Officer, by his order dated October 9, 1952, assessed the respondent for the assessment year 1952-53 and gave him credit for Rs. 50,603-15-0 as representing interest on tax paid in advance under s. l8-A(5) of the Income-tax Act. On May 24, 1953, the Indian
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