Supreme Court · 2000 INSC 104 · Decided 25 February 2000
The Eimco K.C.P. LTD. Madras v. Commissioner of Income TAX,.MADRAS
- Court
- Supreme Court of India
- Citation
- 2000 INSC 104 · [2000] 1 S.C.R. 1185
- Case number
- CIVIL APPEAL No. 4058/1994
- Decided
- 25 February 2000
- Bench
- D.P. WADHWA, S.S.M. QUADRI (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Companies Act; Income Tax Act Section 35
Headnote
LTD. MADRAS A v. COMMISSIONER OF INCOME TAX,.MADRAS FEBRUARY 25, 2000 [D.P. WADHWA AND SYED SHAH MOHAMMED QUADRI, JJ.) B Income Tax Act, 1961 : Sections 35-A and 256( I )-Allowable expenditure-Appellate • Com­ pany, an Indo-American joint venture, allotted equity shares to the and allowed I/14th as allowable expenditure-While an appeal was pending before the Appellate Assistant Commissioner-The Commissioner of Income Tax held the expenditure not allowable-Appellate Assistal!t Commissioner later on dismissed the ap- D peal-Income Tax Appellate Tribunal allowed the
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