Supreme Court · 1996 INSC 361 · Decided 12 March 1996
Commissioner of Income Tax, Bombay Etc v. M/S. Mafatlal Gangabhai and CO. (P) LTD. ETC.
- Court
- Supreme Court of India
- Citation
- 1996 INSC 361 · [1996] 3 S.C.R. 227
- Case number
- CIVIL APPEAL No. 2215/1978
- Decided
- 12 March 1996
- Bench
- B.P. JEEVAN REDDY, M.K. MUKHERJEE (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 40(a)(V), 40
Headnote
B Income Tax Act, 1961-Sections 40(a)(V) and 40-A(S)-Amounts not deductible in computing the income chargeable under the head 'Profits and Gains of Business of Profession '-Payments made in cash by an assessee to its employeei~Whether fall within the mischief of Sec. 40(a)(v) and Sec. C 40-A(S) of to the Assessment Year 1982-83, the assessee, a limited company made payments in cash to its employee., on account of house rent allowance, conveyance allowance and medical reimbursement and claimed deduction. The Income Tax Officer disallowed D these holding that the payments fall within
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