Supreme Court · 1972 INSC 235 · Decided 26 September 1972
Mewar Sugar Mills LTD., Bhopal Sagar v. Commissioner of Income-Tax, Rajasthan, Jaipur
- Court
- Supreme Court of India
- Citation
- 1972 INSC 235 · [1973] 2 S.C.R. 429
- Case number
- CIVIL APPEAL No. 1596/1969
- Decided
- 26 September 1972
- Bench
- K.S. HEGDE, P. JAGANMOHAN REDDY, I.D. DUA, HANS RAJ KHANNA (4-judge bench)
- Outcome
- Case Partly allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 10(2)(xv), 66(1)
Headnote
E F G H MEW AR SUG~R MILLS LTD., BHOPAL SAGAR v. 429 COMMISS!ONER OF INCOME.TAX, RAJASTHAN, JAIPUR September 26, 1972 (K. S. HEGDE, P. JAGANMOHAN REDDY, I. D. DUA AND H. R. KHANNA, JJ.J /"come Tax Act (11 of 1922), s. 10(2) (xv)-Payment in respect of monopoly rights and licence and in Government, to the appellant-company (assessee), under a.n agreement., Under the terms of the grant and the agreement, the assessee was liable to pay royalty at 2% on the price of sugar manufactured by the assessee and this rate was »evisable, if after five years, it was found to be
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