Supreme Court · 1959 INSC 61 · Decided 5 May 1959
Indian Molasses CO. (Private) LTD. v. The Commissioner of Income-Tax, West BENGAL.
- Court
- Supreme Court of India
- Citation
- 1959 INSC 61 · [1959] SUPP. 2 S.C.R. 964
- Case number
- CIVIL APPEAL No. 395/1957
- Decided
- 5 May 1959
- Bench
- BHUVNESHWAR PRASAD SINHA, J.L. KAPUR, M. HIDAYATULLAH (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 965
Headnote
964 SUPREME COURT REPORTS [1959] Supp. THE INDIAN MOLASSES CO. (PRIVATE) LTD. v. THE COMMISSIONER OF INCOME-TAX, WEST BENGAL. (B. P. SINHA, J. L. KAPUR and M. HIDAYATULLAH, JJ.) Income-tax-Deduction - Business expendit11re-Payment of sums for getting annuities to provide pension-Liability company, after his retirement at the age of 55 years on September 20, 1955, the company executed a trust deed on September 16, 1948, in favour of three trustees to w horn the company paid a sum of Rs. l,09,643 and further undertook to pay annually Rs. 4,364 for six consecutive years. The
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