THE STATE OF WEST BENGAL vs THE INDIAN IRON & STEEL CO. LTD.

The Supreme Court held that under Section 72 of the Bengal Cess Act, 1880, the assessing authority is entitled to consider the value of coal supplied to the respondent's factories when determining the profits of the colliery. The Court clarified that the mode of computation is within the discretion of the assessing authority unless it violates any legal provision. The appeal was allowed, affirming that the respondent should have raised any grievances regarding the computation before the assessing authority and appellate authority, as per Section 102 of the Act.