Supreme Court · 1960 INSC 121 · Decided 10 August 1960
The Commissioner of Income-Tax, Bombay v. S. K. F. Ball Bearing CO., LTD.
- Court
- Supreme Court of India
- Citation
- 1960 INSC 121 · [1961] 1 S.C.R. 141
- Case number
- CIVIL APPEAL No. 9/1958
- Decided
- 10 August 1960
- Bench
- S.K. DAS, M. HIDAYATULLAH, J.C. SHAH (3-judge bench)
- Outcome
- Case Partly allowed
- Case type
- Civil
- Acts & sections cited
- Companies Act; Income Tax Act Section 4(1)(a)
Headnote
SUPREME COURT REPORTS 141 THE COMMISSIONER OF INCOME-TAX, BOMBAY v. S. K. F. BALL BEARING CO., LTD. (S. K. ,DAS, M. HIDAYATULLAH anq 'J. C. SHAH, JJ.) Income-tax-Agent selling goods manufactured by principal­ Remittances of sale proceeds made to the principal before and after the recovery of equipment entered into an agreement with the respondent, S. K. F. Ball Bearing Co. Ltd. registered under the Indian Companies Act, 1913, appointing the latter as its sole selling agent in India. The material portion of the Agreement ran thus:- - · "Clause 23 :- _ The Agent shall
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