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PETITIONER: RAJPUTANA MINING AGENCIES LTD.
Vs.
RESPONDENT: UNION OF INDIA AND ANOTHER.
DATE OF JUDGMENT: 31/08/1960
BENCH: HIDAYATULLAH, M. BENCH: HIDAYATULLAH, M. DAS, S.K. GUPTA, K.C. DAS SHAH, J.C. AYYANGAR, N. RAJAGOPALA
CITATION: 1961 AIR 56 1961 SCR (1) 453 CITATOR INFO : R 1962 SC 141 (3) R 1971 SC1277 (12) E 1984 SC 87 (8)
ACT: Income Tax-Applicability of enactment to Part B States- Indian Income-tax Act, 1922 (11 of 1922), as amended by Indian Income-tax (Amendment) Act (25 of 1953), S. 14(2)(C).
HEADNOTE: The appellant, a private limited company, was incorporated in 1954 in the former Kotah State which had integrated with the United States of Rajasthan in 1949. The United States of Rajasthan became State of Rajasthan, a Part B State. The Indian Finance Act, 1950, made the Indian Income-tax Act, 1922, applicable to Part B States with effect from April 1, 1950, whereupon Rajasthan became a taxable territory. The Income-tax (Amendment) Act, 1953, amended s. 14(2)(C) of the Indian Income-tax Act, 1922. Thereupon the Income-tax authorities sought to tax the profits and income of the appellant for the assessment year 1950-51 who claimed exemption under s. 14(2)(C) of the Indian Income-tax Act, 1922, as it stood before the amendment in 1953. The question for decision was whether in view of the decision of...