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Showing contexts for: RATLAM in Commissioner Of Income-Tax vs Ratlam Strawboard Private Limited on 29 November, 1984Matching Fragments
2. The facts of the case, as per the statement of the case received, may be stated, in brief, thus : The assessee, M/s. Ratlam Straw Board Private Ltd., is a private limited company, deriving income from the manufacture and sale of strawboards. It had business contracts with the Director General of Supplies and Disposals for supplies within the stipulated time. The asses-see failed to supply the agreed quantity of strawboard and, accordingly, the Directorate concerned demanded damages of Rs. 4,91,653. The assessee disputed that claim. The matter was, therefore, referred to an arbitrator who on March 18, 1978, gave an award for Rs. 3,00,000 against the assessee. The assessee being dissatisfied with the award took up the matter before the Delhi High Court.