Supreme Court · 1969 INSC 66 · Decided 7 March 1969
Commissioner of Income-Tax, Bihar v. Ramniklal Kothari
- Court
- Supreme Court of India
- Citation
- 1969 INSC 66 · [1969] 3 S.C.R. 860
- Case number
- CIVIL APPEAL No. 575/1966
- Decided
- 7 March 1969
- Bench
- J.C. SHAH, A.N. GROVER (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 23(5)(a)(ii), 66(1), 10
Headnote
Income-tax Act (11 of 1922), s.r. 10(1) & (2), J6(1)(b) and 23(5) (a) (ii) Partnership carrying on business-Partner's lvhere determined­ Partner if further entitled to deductions under s. 10(2). The respondent was carrying on business in diverse lines as a partner in four different firms. and claimed deductions made up of saJarv and bonus to staff. expense$ for maintenance and depreciation of motor-car, traveJiing expenses and interest. The Incbme­ tax Officer and the Appellate Assistant Commissioner allowed only the claim for interest as a permissible deduction. The
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