Supreme Court · 1971 INSC 190 · Decided 11 August 1971
Commissioner of Income Tax Bombay City v. Chunilal V. Mehta and Sons (P) LTD.
- Court
- Supreme Court of India
- Citation
- 1971 INSC 190 · [1972] 1 S.C.R. 117
- Case number
- CIVIL APPEAL No. 1535/1968
- Decided
- 11 August 1971
- Bench
- K.S. HEGDE, A.N. GROVER (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 10
Headnote
Income-tax Act, 1922, s. 10 (5-A)-Compensation received on ter­ mination of n1anaging agency taxable under section-Section enacted by Finance Act, 1955--Managing Agency terminated on April 23, 1951- Suit for compensation under agreement filed by managing agcnts- C Compensation amount as 1955-Managing agents maintaining acco1111ts on mercantile basis-Compensation amount when falls due? -Wltether taxable in assessment year 1956-57. ' D E F G H The assessee held the managing agency of a public lirr,ited company Under the agreement the assessee was to continue as managing agents
Judgments are the courts' own published copies, provided for study; they are not certified copies. Source: Indian Supreme Court & High Court Judgments, Dattam Labs (CC-BY-4.0)