Supreme Court · 1993 INSC 187 · Decided 7 May 1993
Bharat Beedi Works (Private) Limited and ANR. v. Commissioner of Income-Tax
- Court
- Supreme Court of India
- Citation
- 1993 INSC 187 · [1993] 3 S.C.R. 606
- Case number
- CIVIL APPEAL No. 1452/1987
- Decided
- 7 May 1993
- Bench
- B.P. JEEVAN REDDY, N. VENKATACHALA (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 40(c), 256
Headnote
BEEDI WORKS (PRIVATE) LIMITED AND ANR. n c D ETC.ETC. v. COMMISSIONER OF INCOME-TAX MAY 7, 1993 [B.P . .JEEVAN REDDY AND N. VENKATACHALA,JJ.J Income-Tax Act 1961-S.40 (c)-Parmers in firm also directors in a company-\Vhether royalty payme111s by company to jinn falls within s. 40 (c)-Held, device or screen, it cannu1 be trea1ed as payments made 10 directors qua direc/ors-S. -10 (A) (2). A partnership firm consisting of three partners was engaged inter alia in the business of manufacturing and sale of becdics under the brand name "Mangalorc Prakash Bccdics". On May 20,
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