Supreme Court · 1985 INSC 14 · Decided 25 January 1985
M/S Lohia Machines Limited and ANR. v. Union of India and ORS.
- Court
- Supreme Court of India
- Citation
- 1985 INSC 14 · [1985] 2 S.C.R. 686
- Case number
- WRIT PETITION (CIVIL) No. 4509/1980
- Decided
- 25 January 1985
- Bench
- Y.V. CHANDRACHUD, P.N. BHAGWATI, AMARENDRA NATH SEN, D.P. MADON, M.P. THAKKAR (5-judge bench)
- Outcome
- Dismissed
- Case type
- Writ / Constitutional
- Acts & sections cited
- Constitution Article 14, 19(1)(g); Income Tax Act Section 80J(l), 80J, 15C, 84
Headnote
Constitution of India, Articles 14 and 19 (1) (g). Income Tax Act, 1968, ss.80J(l) and(lAl, s. 296-lncome Tax Rules, 1962-Rule 19A-Validity of. "Capital employed" in industrial undertaking-Meaning of-Whether includes long term borroWiflgs-Computed in the Reyenue-fflhether competent to prescribe the manner of computation by Rules-Providing for computation of "capital employed" as on "the first day of the computation period"-Whether ultra vfres s. 801 (1)-Whether suffers from excessive delegation of legislative power-Whether
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