Supreme Court · 1997 INSC 134 · Decided 11 February 1997
M/S. Jonas Woodhead and Sons LTD., Madras v. The Commissioner of Income Tax, Madras
- Court
- Supreme Court of India
- Citation
- 1997 INSC 134 · [1997] 1 S.C.R. 1145
- Case number
- CIVIL APPEAL No. 1575/1980
- Decided
- 11 February 1997
- Bench
- S.C. AGRAWAL, G.B. PATTANAIK (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 37
Headnote
JONAS WOODHEAD AND SONS LTD., MADRAS A v. THE COMMISSIONER OF INCOME TAX, MADRAS ~ FEBRUARY 11, 1997 "' B i (S.C. AGRAWAL AND G.B. PATTANAIK, JJ.) ~ Income Tax Act, 1961 : Section 37. income Tax-AYs. 1967-68 and 1968-69-Business expendi- ture--Royalty-Assessee, an Indian company, to pay to the foreign company royalty at a certain percentage of gross turnover of such products-Assessee could continue # -~ manufacture even after expiry of agreement-Held : The entire amount of D --'-" royalty paid by the assessee not a revenue expenditure even though it related to
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