Supreme Court · 1965 INSC 250 · Decided 15 November 1965
M/S. Gotan Lime Syndicate v. Commissioner of Income-Tax, Delhi and RAJASTHAN.
- Court
- Supreme Court of India
- Citation
- 1965 INSC 250 · [1966] 2 S.C.R. 596
- Case number
- CIVIL APPEAL No. 692/1964
- Decided
- 15 November 1965
- Bench
- K. SUBBA RAO, J.C. SHAH, S.M. SIKRI (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 66(1)
Headnote
Income-tax-Royalty paid for nzining lease-Capital or Revenue penditure-Tests. • A • • • ll ... ex- The appellant was a registered firn1 carrying on the. business of manu- • facturing lime from lime-stone. By an indenture dated March 4, 1949, it was granted by the in a certain area, subject to certain conditions. The lease expired on July 14, 1952. The lease was extended from time to time by the Government for short periods. While working out a new scheme for leasing out lime-stone quarrie.s the Government sanctioned the leasing out of 15 sq. miles of lime
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