Supreme Court · 1985 INSC 228 · Decided 10 October 1985
Commissioner of Income Tax West Bengal - I, CALCUTTA. v. Associated Electrical Industries (India) Private LIMITED.
- Court
- Supreme Court of India
- Citation
- 1985 INSC 228 · [1985] SUPP. 3 S.C.R. 627
- Case number
- CIVIL APPEAL No. 1404/1973
- Decided
- 10 October 1985
- Bench
- V.D. TULZAPURKAR, R.S. PATHAK (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 10(2)(xv), 10(4)(c)
Headnote
' Indian Income Tax Act 1922 Sections 10(2) (xv) and 10(4)(c). Company - Pension and Life Assurance Plan for employees - Company contributing to premium - Plan rules amended to make direct payment of policy amount to members - Company having no control over money - Expenditure incurred on to Plan - Whether an allowable deduction• The asses see, is s' . firm carrying on the busine&s of Electrical Engineers and Contractors. It put into effect a pension and Life Assurance Plan for its Europe&n employees about the year 1948 and took out policies with a Life Assurance
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