Supreme Court · 1964 INSC 136 · Decided 28 April 1964

Union of India and Others v. Gwalior Rayon Silk Manufacturing (Weaving) CO. LTD. and Another

Court
Supreme Court of India
Citation
1964 INSC 136 · [1964] 7 S.C.R. 892
Case number
CIVIL APPEAL No. 934/1963
Decided
28 April 1964
Bench
P.B. GAJENDRAGADKAR, K.N. WANCHOO, M. HIDAYATULLAH, K.C. DAS GUPTA, N. RAJAGOPALA AYYANGAR (5-judge bench)
Outcome
Appeal(s) allowed
Case type
Civil
Acts & sections cited
Constitution Article 278, 295, 372, 226; Companies Act; Income Tax Act

Headnote

lncome Tax-Exemption from taxation-Agreement with erstwhile Indian State-Indian State becoming a Part B State under the Constitution of India.-Binding nature of the agree­ ment-Finance Act, .1950 (25 of 1950), s. (Taxation Concessions) Order, 1950, cl. 16-Constitution of India, Arts. 278, 295, 372. . In October 1946, B wrote to the Government of thi! erstwhile> State of Gwalior stating that certain industries would be established in Gwalior if the Government gave certain facili-· ties including

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