Nandlal Bhandari Mills Ltd. vs State Of Madhya Bharat (Now Madhya Pradesh)
Whether remuneration paid to managing agents, including commission on profits, is deductible as expenditure incurred solely for earning profits under Rule 3(2)(ix) of the Indore Industrial Tax Rules, 1927 --- Held No, as the matter was concluded by legislative notifications issued by the sovereign Ruler of Holkar State, which had the force of law and explicitly disallowed such deduction.
š Direct Access Blocked
For your security and to prevent unauthorized automated access, individual judgment links cannot be opened directly. Please access this content via Google Search or the TaxPundit Search Portal.