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1 - 9 of 9 (0.81 seconds)Section 10 in Income Tax Rules, 1962 [Entire Act]
Section 4 in The Census Act, 1948 [Entire Act]
Section 18 in Income Tax Rules, 1962 [Entire Act]
The Census Act, 1948
Section 18 in The Census Act, 1948 [Entire Act]
Rao Bahadur M.S.P. Senthikumara Nadar ... vs Commissioner Of Income-Tax on 1 February, 1957
In Senthikumara Nadar & Sons v. Commissioner of Income-tax it was held by the Madras High Court that payments of penalties for infraction of liability fall outside the scope of permissible deductions under section 10(2)(xv) of the Indian Income-tax Act, 1922.
J. K. Cotton Spinning & Weaving Mills Co. ... vs Commissioner Of Income-Tax, U. P. on 16 September, 1966
In J. K. Cotton Spinning and Weaving Company Ltd. v. Commissioner of Income-tax the assessee-company submitted a return showing its assessable income at Rs. 42,510. The Income-tax Officer found that the assessees assessable income was Rs. 8,17,317. The assessees managing director was thereafter served with a notice to show cause why criminal proceeding should not be taken against him. The assessee paid a sum of Rs. 7,50,000, and compounded the offence. It was held by this court that the payment of Rs. 7,50,000 could not be said to have made wholly and exclusively for the purpose of the business within the meaning of section 10(2)(xv) of the Indian Income-tax Act, 1922, and could not be excluded in determining the assessable income of the company.
Shree Meenakshi Mills Ltd., Madurai vs Commissioner Of Income-Tax, Madras on 19 September, 1966
In Sree Meenakshi Mills Ltd. v. Commissioner of Income-tax it was held by the Madras High Court that where an assessee commits an offence, the expense he incurrs in an infrectuous attempt to vindicate himself cannot be said to have been laid out or expended for the purpose of earning income from business.
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