Supreme Court · 1960 INSC 222 · Decided 28 November 1960
The Commissioner Oe' Income-Tax, West Bengal v. Royal Calcutta Turf Club
- Court
- Supreme Court of India
- Citation
- 1960 INSC 222 · [1961] 2 S.C.R. 729
- Case number
- CIVIL APPEAL No. 419/1958
- Decided
- 28 November 1960
- Bench
- J.L. KAPUR, M. HIDAYATULLAH, J.C. SHAH (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 10(2)(xv), 66(1)
Headnote
SUPREME COURT REPORTS 729 THE COMMISSIONER OE' INCOME-TAX, WEST BENGAL v. ROYAL CALCUTTA TURE' CLUB • (J. L. KAPUR, M. HIDAYATULLAH and J. c. SHAH, JJ.) Income Tax-Expenditure for preservation of business-If wholly and exclusively laid out for the purpose of business-Indian Income Tax Act, a matter of some importance to the club that there were jockeys of requisite skill and experience in sufficient numbers who would be available to the owners and trainers because otherwise the running of the race meetings would not be commercially profitable and its interest would suffer and it
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