India United Mills Ltd. vs Commissioner Of Excess Profits Tax

Authority: Supreme Court Date: 1954-10-28 Section: EPT15, EPT26(3) Acts: Excess Profits Tax Act 1940, Indian Income Tax Act (pre-1961) Result: Revenue Citation: (1955) 27 ITR 20 (SC) Justices: Mehr Chand Mahajan, C.J.; S.R. Das, Ghulam Hasan, N.H. Bhagwati & T.L. Appeal No: Civil Appeal No. 160 of 1953
Whether reassessment under Section 15 of the Excess Profits Tax Act can be initiated based on facts discovered after the chargeable accounting period, specifically when relief granted under Section 26(3) for war-related plant/machinery becomes excessive due to post-war usage --- Held Yes.

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