Supreme Court · 1952 INSC 53 · Decided 3 November 1952
Raghuvanshi Mills LTD. v. Commissioner of Income-Tax, Bombay City
- Court
- Supreme Court of India
- Citation
- 1952 INSC 53 · [1953] 1 S.C.R. 177
- Case number
- CIVIL APPEAL No. 55/1950
- Decided
- 3 November 1952
- Bench
- MEHR CHAND MAHAJAN, SUDHI RANJAN DAS, VIVIAN BOSE, GHULAM HASAN (4-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 2(60)
Headnote
• S.C.R. SUPREME COURT REPORTS 177 RAGHUVANSHI MILLS LTD. 'V· COMMISSIONER OF INCOME-TAX, BOMBAY CITY. • [MEHR CHAND MAHAJAN, DAs, VIVIAN BosE and GHULAM HASAN JJ.] Incmne-tax-Moneys received under "consequential loss policies" -Whether incmne-Assessability-Dejinition of insurance companies against fire and had aiso taken out some policies of the type known as "consequenffial loss policies" which insured against loss of profits, standing charges, and agency commission. The mills were completely destroyed by fire and the appellant received certain
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