Supreme Court · 1965 INSC 100 · Decided 9 April 1965
The Commissioner of Income-Tax, Madras v. Chari and Chari LTD.
- Court
- Supreme Court of India
- Citation
- 1965 INSC 100 · [1965] 3 S.C.R. 692
- Case number
- CIVIL APPEAL No. 215/1964
- Decided
- 9 April 1965
- Bench
- K. SUBBA RAO, J.C. SHAH, S.M. SIKRI (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 10(2)(xv)
Headnote
OF INCOME-TAX, MADRAS v. CHARI AND CHARI LTD. April 9, 1965 !K. SUBBA RAO, J. C. SHAH AND S. M. SIKRI, J.J.J . Income' Tax Act, 1922, s. 10(2)(xv)-Deduct'on claimed by asses­ see of commission paid to director for special duties-Rate of com­ mission bona fide determined 'by carried on business in tol:acco and other commodities and also acted as managing agents for the N company and for two other companies. It had three direc­ tors, all oI whom ""re paid a fixed remuneration for attending to the business of the company. On June, 21, 1951, the
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