Supreme Court · 1960 INSC 28 · Decided 19 February 1960
The Commissioner of Income-Tax, Bombay North & OTHERS. v. M/S. Harivallabhdas Kalidas and CO.,
- Court
- Supreme Court of India
- Citation
- 1960 INSC 28 · [1960] 3 S.C.R. 50
- Case number
- CIVIL APPEAL No. 145/1958
- Decided
- 19 February 1960
- Bench
- S.K. DAS, J.L. KAPUR, M. HIDAYATULLAH (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
Headnote
of Income-Tax, Bombay v. Chandulal Keshavlal & Co. Kapuy ]. F 6bruary. il9 50 SUPREME COURT REPORTS [1960) not in terms, negativing the Crown's contention. I think that there was ample material to support the findings of the Commissioners, and accordingly that this prohibition does not incurred for the assessee's benefit the deduction would be claimable. The Income-tax Appel.late Tribunal has found in favour of the Managing Agent that the amount was expended for reasons of commercial expediency, it was not given as a bounty but to strengthen the Managed Company and if the
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