| Citation(s) |
|---|
| 1983 SLG 4 1983 SLD 4 1983 PTD 20 (1982) 46 TAX 191 |
Karnataka High Court
Writ Appeal No. 510 of 1974, decision dated: 23rd June, 1980
M. K. SRINIVASA IYENGAR AND M. RAMA, JOIS, JJ
S. R. Rajasakhara Murthy for Appellant. K. Srinivasan for
Respondent
Writ Appeal No. 510 of 1974, decision dated: 23rd June, 1980
M. K. SRINIVASA IYENGAR AND M. RAMA, JOIS, JJ
S. R. Rajasakhara Murthy for Appellant. K. Srinivasan for
Respondent
Income Tax OFFICER, COMPANY CIRCLE, BANGALORE
VS
MARGARINE & REFINED OIL Go. LTD
Law: Income Tax Act, 1922
Section: 35
Income-tax Act (XI of 1922)---S. 35-Section 35 not violative of Constitution - Provision re-rectification and reassessment-To be invoked in different circumstances. Sivagaminatha Moopanar & Sons v. I. T. O. (1955) 28 I T R 601 fol. Suraj Mall Mohta & Co. v. Visvanatha Sastri (1954) 26 I T R 1 (S C) and Anandji Harldas & Co. (P.) Ltd. v. S. P. Kushare, S. T. 0. (1968) 21 S T C 326 (S C) distinguished. C. I. T. v. Vellingiri Gounder & Brothers (1953) 24 I T R 166 ; Hirday Narain v. I. T. O. (1970) 78 I T R 26 (S C); 1. A. C. of Agri. I. T. v. Ravi Samboodiripad (V. M.) (1974) 96 I T R 73 (S C); Jyoti Pershad v. Administrator for the Union Territory of Delhi (1962)2 S C R 125 ; Kangshari Haldar v. State of West Bengal (1960) 2 S C R 646 ; Kali Raning Rawat v. State of Saurashtra (1952) S C R 435 ; Kedar Natha Bajoria v. State of West Bengal (1954) S C R 30; Maganlul Chhagganlal (P.) Ltd. v. Municipal Corporation of Greater Bombay A I R 1974 S C 2009 ; Maharana Mills (P.) Ltd. v. I. T. O. (1959) 36 I T R 350 (S C); Sankappa (S.) v. I. T. O. (1968) 68 I T R 760 (S C); State of Gujarat v. Patel Ramjibhai (1979) 44 S T C I37 (S C) and State of West Bengal v. Anwar Ali Sarkar (1952) S C R 284 ref. JUDGMENT SRINIVASA IYENGAR, J.-This appeal is against the judgment of a Single Judge Margarine & Refined Oil Co. (P.) Ltd. v. I. T. O. ((1975) 98 I T R 636), allowing a writ petition filed by the respondent and quashing an order under section 35 of the: Indian I. T. Act, 1922, revising the assessment for 1961-62. An assessment order had been made on February 27, 1962, under the Indian I.-T. Act, 1922, but it was set aside on appeal and a fresh order of assessment was made on January 16, 1965. This was appealed against and the A. A. C. modified the assessment to some extent. A consequential order was made by the I. T. O. on November 20, 1965. The appeal to the A. A. C. was not concerned with any question of depreciation allowable to the assessee. The I. T. O. noticing that there was excess depreciation allowed in the assessment made on January 16, 1965, and as this was an error apparent on the record, issued a notice dated January 23, 1968, proposing to…
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