Supreme Court · 1990 INSC 387 · Decided 14 December 1990
Babulal Narotiamdas and ORS. v. Commissioner of Income-Tax, Bombay
- Court
- Supreme Court of India
- Citation
- 1990 INSC 387 · [1990] SUPP. 3 S.C.R. 541
- Case number
- CIVIL APPEAL No. 685/1978
- Decided
- 14 December 1990
- Bench
- P.B. SAWANT, M. FATHIMA BEEVI (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 4
Headnote
B Income-Tax Act, 1922: Section 4-Right to receive extra remune­ ration-Resolution authorising the payment challenged before Court­ Resolution held Valid-Whether the right accrued from the date of Resolution or from date of judgment. The appellant-assessee was maintaining the Mercantile a Resolution passed on 20.7.1949 the compay bad agreed to pay the appellant special additional remuneration at the rate of Rs.15,000 per annum. However, a representative suit was filed by the shareholders of the company for perpetual injunction from giving such extra remunera- D tion and for
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