Supreme Court · 1968 INSC 172 · Decided 2 August 1968
J. K. Woollen Manufacturers v. Commissioner of Income-Tax, U.P.
- Court
- Supreme Court of India
- Citation
- 1968 INSC 172 · [1969] 1 S.C.R. 525
- Case number
- CIVIL APPEAL No. 591/1967
- Decided
- 2 August 1968
- Bench
- J.C. SHAH, V. RAMASWAMI, A.N. GROVER (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 66(2), 10(2)(x), 10(2)(xv)
Headnote
MANUFACTURERS v. COMMISSIONER OF INCOME-TAX, U.P. August 2, 1968 B [J. C. SHAH, V. R.AMASWAMI AND A. N. GROVER, JJ.J c D E F G H Income-tax Act (11 of 1922), s. 10(2)(xv)-Commission to employee higher when profits exceed a lakh-Whether deductable from employer's assessable incorne. The and in case the profits exceeded Rs. 1 lakh, the commission payable was 25 % . In the first year of the appointment the mill suffered loss, next year commission was paid at 12t% of the profits, and the next year commission paid was 25 % as the profits exceeded the figure stipulated. After the
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)