Supreme Court · 1979 INSC 189 · Decided 19 September 1979
Commissioner of Income-Tax, Kerala v. Alagappa Textile (Cochin) LTD.
- Court
- Supreme Court of India
- Citation
- 1979 INSC 189 · [1980] 1 S.C.R. 723
- Case number
- CIVIL APPEAL No. 2001/1978
- Decided
- 19 September 1979
- Bench
- V.D. TULZAPURKAR, R.S. PATHAK (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Companies Act Section 2(14), 2(24); Income Tax Act Section 10(2)(xv)
Headnote
, B ·t Bu.tiness E·xpenditurY!"-section t0(2)(xv) oi the Income-tax Act, 1922- 1· /:ether tlze 1 remuneration tOH'arcls the '111a11ager' Kanzala Mills Ltd . . is falling -(~·ithin the 1neaning _of Section 384 read witll s. 2(24) of the Co1npaiiies Act company falls l'.:ithin the meaning of. Section 2(24) of · .the Companies Act, 1956. · C Respondent, assessee ("!!.Ifs. Alagappa Textiles (Cochin) Limited company i.vas carrying on business of manufacture and sale of yarn. It entered into an Agreement dated November 10,
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)