Doom Dooma Tea Co. Ltd. vs Commissioner Of Income Tax

Authority: High Court Date: 1989-04-26 AY: 1975-76 Section: 37, 37(1), 40(a)(ii) Acts: Income Tax Act 1961, Companies (Profits) Surtax Act 1964 Result: Assessee Citation: (1989) 78 CTR (GAU) 10 : (1989) 180 ITR 126 (GAU) : (1989) 47 TAXMAN 38 Justices: A. Raghuvir, C.J. & J. M. Srivastava J. Appeal No: IT Ref No. 9 of 1980
Whether surtax liability under the Companies (Profits) Surtax Act 1964 is admissible as a deduction in computing total income under the Income Tax Act 1961 --- Held Yes, as it is not prohibited under Section 40(a)(ii) and qualifies as business expenditure under Section 37.

šŸ”’ 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.

AI Deep Dive
0/5 selected

Membership Required

Unlock official PDFs for all landmark cases.

JOIN NOW āž”
Shopping Cart