Supreme Court · 1964 INSC 149 · Decided 4 May 1964
Masalti v. State of U. P
- Court
- Supreme Court of India
- Citation
- 1964 INSC 149 · [1964] 8 S.C.R. 133
- Case number
- CRIMINAL APPEAL No. 30/1964
- Decided
- 4 May 1964
- Bench
- P.B. GAJENDRAGADKAR, K.N. WANCHOO, K.C. DAS GUPTA, RAGHUBAR DAYAL (4-judge bench)
- Outcome
- Dismissed
- Case type
- Criminal
- Acts & sections cited
- IPC Section 149; CrPC; Constitution Article 136
Headnote
SUPREME COURT REPORTS 133 Val/ace and Co.(') was not intended to, and did not lay ~ Jown that in every case, cancellation of an agency resulted Gillandm A.rb1 in loss of a source of revenue or that amounts paid to corn- thnot :nd Co. pensate for loss of agency must be regarded as capital loss. it iinvolve a loss of an enduring trading asset; it Iljerely deprived the appellant of a trading avenue, leaving him free to devote his energies after the cancellation to carry on the rest of the business, and to replace the contract lost by a similar cpntract. The compensation paid, therefore,
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