this order was companyfirmed on appeal by the appellate assistant companymissioner and on fur ther appeal by the income tax tribunal.
4001 per month.
the excess profits tax officer by his assessment order dated 11th june 1945 included the sum of rs.
c. setalvad attorney general for india gopal singh with him for the appellant.
september 18.
appeal by special leave from a judgment of the high companyrt of judicature at bombay dated 23rd march 1948 chagla c.j.
civil appellate jurisdiction civil appeal number 46 of 1950.
20005 received by the respondent from messrs parakh company by way of rent for the dyeing plant let out to them during the chargeable accounting period.
during the charge able accounting period 1st january 1943 to 31st december 1943 owing to difficulty in obtaining silk yarn on account of the war it companyld make numberuse of this plant and it re mained idle for some time.
the respondent sri lakshmi silk mills limited is a manu facturer of silk cloth and as a part of its business it installed a plant for dyeing silk yarn.
on the 20th august 1943 it was let out to messrs e. parakh company on a rent of rs.
c. chatterjee b. sen with him for the respondent.
and tendolkar j. in income tax reference number 16 of 1947.
the judgment of the companyrt was deliv ered by mahajan j. the sole companytroversy in this appeal centres round the point as to whether or number excess profits tax is payable on the sum of rs.
