MANU/SC/0243/1968

IN THE SUPREME COURT OF INDIA

Decided On: 06.09.1968

Appellants: Commissioner of Wealth-tax, Madras
Vs.
Respondent: Smt. Muthukrishna Ammal

JUDGMENT

Shah, J.

1. By two agreements dated respectively January 1, 1943 and January 1, 1945, the respondent Muthukrishna Ammal obtained from the Government of India on lease certain salt pans. Each lease was to endure for twenty-five years unless otherwise determined under the covenants of the indenture. The right under the first lease was sublet by the respondent to one K. Nadar in consideration of an annual payment of Rs. 15,000 and the right under the sec

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