Supreme Court · 1971 INSC 200 · Decided 16 August 1971
Commissioner of Income-Tax Bombay v. Maharashtra Sugar Mills LTD. Bombay
- Court
- Supreme Court of India
- Citation
- 1971 INSC 200 · [1972] 1 S.C.R. 230
- Case number
- CIVIL APPEAL No. 1658/1968
- Decided
- 16 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(2)(xv), 66(1)
Headnote
OF INCOME-TAX BOMBAY A v. MAHARASHTRA SUGAR MILLS LTD. BOMBAY August 16, 1971 (K. S. HEGDE AND A. N. GROVER, JJ:] Income-tax Act (l 1 of 1922), s. l0(2)(xv) and r. 23 of Rules­ Part of assessee' s income not exigible to tax-Commission to manag­ ing agent-Whether part of commission for the manufacture of sugar in its factory. The cultivation of sugar cane and the manufacture of sugar by the assessee constituted one single and indivisible business. In the assessment year 1957-58, the assessee claimed deduction of remuneration paid to its managing agents under
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