Supreme Court · 1965 INSC 263 · Decided 25 November 1965
The Commissioner of Income Tax, Punjab v. The Lahore Electric Supply CO.
- Court
- Supreme Court of India
- Citation
- 1965 INSC 263 · [1966] 2 S.C.R. 720
- Case number
- CIVIL APPEAL No. 813/1963
- Decided
- 25 November 1965
- Bench
- A.K. SARKAR, J.R. MUDHOLKAR, R.S. BACHAWAT (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 10(2)(xv)
Headnote
lncomt Tax Act 1922~. 10(2)(xv)-Whether company carried on business-Therefore whether entitled to deduction of expenses. The assessee company carried on the business of supplying electricity to various cities under licences from the Government. All the licences, except one for the supply of of by 1942. Soon after that, the Provincial Gov­ ernment acquired the company's undertaking for the supply of electricity in Lahore and part of the value for the acquisition remained due to be· paid to the company after the listing and valuation of the assets. The­ company also
Judgments are the courts' own published copies, provided for study; they are not certified copies. Source: Indian Supreme Court & High Court Judgments, Dattam Labs (CC-BY-4.0)