Supreme Court · 1970 INSC 104 · Decided 23 April 1970
Commissioner of Income-Tax, Calcutta v. Birla BROS. (P) LTD.
- Court
- Supreme Court of India
- Citation
- 1970 INSC 104 · [1971] 1 S.C.R. 357
- Case number
- CIVIL APPEAL No. 2380/1966
- Decided
- 23 April 1970
- Bench
- J.C. SHAH, K.S. HEGDE, A.N. GROVER (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 10(2)(xi)
Headnote
Jiulian lnmmNux Acr. 1922, s. 10(2)(xi)-A.r.\'C.Vste company ct Mannginf.f Age1H-Selling agent of conJpany 11u1nagecl by as.\·essee taki11/.f /oc11t' fron1 ti ht111k e1nd tlSSt!l'St!e .\·tc111ding guarantee for tlrt loan-Loan not. re~paid hy ,seJ/i11f.f agent hut hy selling agent-loan aniount c/airned as a ht1d th'ht­ Ad111i.l',\'ihilily of clai111. The asses.cc was a Private Limited Company. It carried on the busi­ nc;s of banking and financing as also of managing agency. Starch Pro· ducts Lt<l., was one of various companies. which was
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)