Supreme Court · 1962 INSC 77 · Decided 1 March 1962
The Fazilka Electric Supply CO. LTD . v. The Commissioner of Income-Tax, Delhi
- Court
- Supreme Court of India
- Citation
- 1962 INSC 77 · [1962] SUPP. 3 S.C.R. 496
- Case number
- CIVIL APPEAL No. 183/1961
- Decided
- 1 March 1962
- Bench
- S.K. DAS, J.C. SHAH (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 10(2)(vii); Electricity Act Section 7
Headnote
J. 496 SUPREME COURT REPoRTS [1962] stJt>i>. THE FAZTLKA ELECTRIC >SUPPLY CO. LTD . v. THE CO:IJMISS!ONER OF JNCO)IE-TAX, DELHI ("'. K. DA~, J. c. SHAH, .T.J.) income Ta:r-.1Js~·ts81nent of };xces8 anlount rtaliscd over 21,•riltc11 dou:n 1:uf-ue-Ellclric Supply (/ l of 1922), s. 10(2) (vii). 1'hc appellant carried on the business of generating and suppl)ing tlcctricity in the to\\111 of Fazilka in accordance with the tcrn1s of a license for fifteen vcars. Clause 9(a) of the license gave the Government' an option to acquire the undertaking on expiration
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