Supreme Court · 1996 INSC 1254 · Decided 30 October 1996
M/S J.B. Boda and CO. PVT. LTD. v. Central Board of Direct Taxes, New Delhi
- Court
- Supreme Court of India
- Citation
- 1996 INSC 1254 · [1996] SUPP. 8 S.C.R. 145
- Case number
- CIVIL APPEAL No. 933/1989
- Decided
- 30 October 1996
- Bench
- B.P. JEEVAN REDDY, K.S. PARIPOORNAN (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 80
Headnote
B Income Tax Act, 1961: Section 80-0. Income Tax-Deduction in respect of royalties etc. from foreign enterprises-Ays 1982-83 to 1984-85-Indian reinsurance-Broker C Company arranged for reinsurance by foreign companies of a portion of risk covered by Indian insurance companrThe said company companies-After receiving premium in rupees, the said Indian broker, under agreement with foreign company remitted amount of net premium to foreign company after deducting its brokerage-However, Central Board a/Direct Taxes (CBDT) D refused to approve such agreement for purpose of S.80-0 of IT
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