Supreme Court · 1971 INSC 283 · Decided 14 October 1971
C.I.T. West Bengal Ii, Calcutta v. Coal Shipment (P) LTD.
- Court
- Supreme Court of India
- Citation
- 1971 INSC 283 · [1972] 1 S.C.R. 1089
- Case number
- CIVIL APPEAL No. 1494/1971
- Decided
- 14 October 1971
- Bench
- K.S. HEGDE, A.N. GROVER, HANS RAJ KHANNA (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act
Headnote
1089 C.I.T. WEST BENGAL II, CALCUTTA v. COAL SHIPMENT (P) LTD. October 14, 1971 [1<. S. HEGDE, A. N. GROVER AND H. R. KHANNA, JJ.J Income-tax Act, (II of 1922)." 10(2)(xv)-Payments made to rival trader to ward off cofnpetition-When constitutes revenue or capital expen•diture. In not to export any coal during the subsistence of the agreement, L supp1ied various quanti­ ties of coal to the respondent and tm respondent made .payments as per the agreement. The respondent claimed the payments as admisstuk ex­ penditure under s. 10(2) (xv) of thi> Income-tax Act.
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