Supreme Court · 1985 INSC 171 · Decided 9 August 1985
C. I. T. Central Bombay v. Jalan Trading CO. (P) LTD.
- Court
- Supreme Court of India
- Citation
- 1985 INSC 171 · [1985] SUPP. 2 S.C.R. 517
- Case number
- CIVIL APPEAL No. 1733/1973
- Decided
- 9 August 1985
- Bench
- V.D. TULZAPURKAR, SABYASACHI MUKHERJI, RANGANATH MISRA (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 10(2)(xv), 66
Headnote
CENTRAL J!(llllAY v. JALAll TRADING CO. (P) LTD. AUGUST 9, 1985 (V .D. TULZAPURKAR, SABYASACHI Mll!OIARJI AND RANGANATH MISRA, JJ • l Indian Income Tax Act 1922 - Section lO(l)(xv) - Firm obtaining sole selling agency - Benefit of agreement assigned to assessee, a newly incorporated company years with a right of renewal. A few months later, under a deed of assignment, the firm assigned the benefits ot the agreement to the assessee cc)mpany'under Which the assessee carried on the business as sole selling agents for the products of the· manufacturer. Under the deed of
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