Supreme Court · 1997 INSC 782 · Decided 2 December 1997
Maddi Venkataraman v. Commissioner of Income Tax
- Court
- Supreme Court of India
- Citation
- 1997 INSC 782 · [1997] SUPP. 6 S.C.R. 67
- Case number
- CIVIL APPEAL No. 4205/1985
- Decided
- 2 December 1997
- Bench
- S.C. SEN, S. SAGHIR AHMAD (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 37
Headnote
A v. COMMISSIONER OF INCOME TAX DECEMBER 2, 1997 [SUHAS C. SEN ANDS. SAGHIR AHMAD, .TJ.] B Income Tax Act, 1961 : Section 37. Income tax~AY 1970-71-Business expe11diture/loss-Pe11alty and fi11e-Deductio11 of-Assessee incwred expenditure for evadi11g provisions of C FERA-Penalty imposed-Held 23(1)(a) and 23-c. Income tax--Business expenditure--ll/egal activities--Deduction D of-Held : If the entire business is illegal, expenditure inczm·ed in illegal activities is an allowable deduction-However, if the business is lawful the expenditure on illegal activities cannot be allowed
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