Supreme Court · 1976 INSC 290 · Decided 17 November 1976
Commissioner of Income-Tax, Madras v. R. M. Chidambaram Pillai ETC.
- Court
- Supreme Court of India
- Citation
- 1976 INSC 290 · [1977] 2 S.C.R. 111
- Case number
- CIVIL APPEAL No. 17/1976
- Decided
- 17 November 1976
- Bench
- HANS RAJ KHANNA, V.R. KRISHNA IYER (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 16(1)(b), 10
Headnote
Income Tax Act, 1922-S. 16(1) (b)-lncome Tax Rules 1922-r. 24- Scope of- Assessees partners in firms owning tea estates-Salary paid to partners-If whole salary exigible to tax. Rule 24 of the Income Tax Rules, 1922 states that income derived from the sale of tea grown and manufactured by the and 40 per cent of such income shall be deemed to be income, profits and gains liable to tax. The respondents were partners in firms which owned tea estates, the com~ posite income of which consisted largely of agricultural and partly of non­ agricultural income. In addition to their
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