Supreme Court · 1954 INSC 100 · Decided 25 October 1954
Narain Swadeshi Weaving Mills v. The Commissioner of Excess Profits Tax
- Court
- Supreme Court of India
- Citation
- 1954 INSC 100 · [1955] 1 S.C.R. 952
- Case number
- CIVIL APPEAL No. 145/1953
- Decided
- 25 October 1954
- Bench
- MEHR CHAND MAHAJAN, SUDHI RANJAN DAS, GHULAM HASAN, NATWARLAL HARILAL BHAGWATI, T.L. VENKATARAMA AIYYAR (5-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 21
Headnote
COURT REPORTS NARAIN SW ADESHI WEAVING MILLS "· THE COM;MISSIONER OF EXCESS PROFITS TAX. [1955] [MEHR CHAND MAHAJAN C. J., S. R. DAs, GHULAM HASAN, BHAGWATI and VENKATARAMA AYYAR JJ.J ),- . Excess Profits Tax Act (XV of 1940), ss. 2(5), 5, JO-A-Condi­ tion precedent to that during the chargeable accounting period the assessee was carrying on the kind of business to which the Act applies by virtue of section 5 of the Act. Section 2(5) of the Act states what is included in the word "business". It is not possible to lay down a general definition which
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