Supreme Court · 1998 INSC 111 · Decided 23 February 1998
M/S W.T. Suren and CO. LTD v. Commissioner of Income Tax, Bombay
- Court
- Supreme Court of India
- Citation
- 1998 INSC 111 · [1998] 1 S.C.R. 1069
- Case number
- CIVIL APPEAL No. 479/1985
- Decided
- 23 February 1998
- Bench
- SUJATA V. MANOHAR, D.P. WADHWA (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 37(1), 10(2)(xv), 66(1)
Headnote
B Income Tax Act, 1922 : Section J0(2)(xv). Income Tax--AY 1960-61-Business Expenditure-Gratuity-Payment of-By assessee to the transferee-company on tranifer of a part of its business- C Deductability of-A.ssessee, a private limited company, stopped and traniferred the activities of its terminated sen1ices of the employees of that distribution unit-Transferee offered these employees similar employment with continuity of sen1ice and assured payment of gratuity due to them under it together with that accrued to them on the date of their termination if the D amount
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)