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1960 (5) TMI 2 - SC - Income Tax
Whether the assessee company was liable to pay additional income-tax ? and
Whether the levy of the additional income-tax is ultra vires ?
Held that:- Agree with the High Court in the answer given to the first question in the negative. As pointed out by the High Court, the second question does not survive after the first question is answered against the Department. Appeal dismissed.