Supreme Court · 1998 INSC 56 · Decided 3 February 1998
Commissioner of Income Tax, Delhi (Central-I) v. M/S. Continental Construction LTD.
- Court
- Supreme Court of India
- Citation
- 1998 INSC 56 · [1998] 1 S.C.R. 519
- Case number
- CIVIL APPEAL No. 3311/1993
- Decided
- 3 February 1998
- Bench
- SUJATA V. MANOHAR, S.S.M. QUADRI (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 40A(S)(b)(i), 40(c), 40A(5)(b)
Headnote
B Income Tax Act, I961 : Sections 40(c), 40A(5)(a) and (b)-Assessee- Civil construction company-Employee-Directors posted outside India- Remuneration paid in excess to the ceiling limit-Deductions claimed on the ground that amount paid to employee-Directors posted outside India not c subjected to amount paid- On appeal, held, employee-Directors do not cease to be an employee-The _expenditure incurred on an employee-Director is reasonable and necessary- Hence not subject to ceiling. -( The respondent-assessee was a civil construction company which had D ... projects outside India. For
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)