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Showing contexts for: flood direction in Ahmedabad Manufacturing & Calico ... vs A.V. Joshi, Income-Tax Officer, ... on 29 January, 1979Matching Fragments
22. However, we may point out that there are two subsequent decisions of Benches of three judges of the Supreme Court which, though not directly dealing with s. 80K, throw a flood of light on the provisions of s. 80J as it now stands. The same Bench of the Supreme Court judges, namely, Bhagwati, Tulzapurkar and Pathak JJ. decided both the cases which we are now referring to. In Rajapalayam Mills Ltd. v. CIT [1978] 115 ITR 777, the Supreme Court dealt with the provisions of s. 15C of the Act of 1922 and s. 84 of the Act of 1961. As pointed out earlier in the course of this judgment, the scheme of s. 15C of the 1922 Act and s. 84 of the 1961 Act was the same. Bhagwati J., speaking for the Bench of three judges of the Supreme Court in Rajapalayam Mills' case [1978] 115 ITR 777, observed at page 783 of the report :