Supreme Court · 1969 INSC 31 · Decided 10 February 1969
Modi Spinning & Weaving Mills CO. LTD. v. Income-Tax Officer, Special Investigation Circle (B), Meerut
- Court
- Supreme Court of India
- Citation
- 1969 INSC 31 · [1969] 3 S.C.R. 592
- Case number
- CIVIL APPEAL No. 890/1968
- Decided
- 10 February 1969
- Bench
- J.C. SHAH, V. RAMASWAMI, A.N. GROVER (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Constitution Article 226; Income Tax Act Section 10(2)(vi), 148, 147, 10
Headnote
& WEAVING MILLS CO. LTD. A v. INCOME-TAX OFFICER, SPECIAL INVESTIGATION CIRCLE (B), MEERUT February 10, 1969 [J. C. SHAH, V. RAMASWAMI AND A. N. GROVER, JJ.J Income Tax A.ct, 1922, s. 34(l)(a)-Notlce in respect of incom• escaping assessment--Condition.r precedent to issue of. B The years, it was allowed 'initial depreciation' on new machinery installed in the relevant previous years and was also allowed 'normal depreciation'. at appropriate rates. In the assessment year 1956-57 the aggregate of all depreciation allowances including 'initial depreciation' exceeded the
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