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1 - 6 of 6 (0.20 seconds)Nund & Samont Co. P. Ltd. vs Commissioner Of Income-Tax, Bihar And ... on 6 May, 1970
Nund's case [1970] 78 ITR 268 (SC) has already been noticed earlier. It cannot be said in the circumstances of the case that the Tribunal decided the matter contrary to the principles laid down therein. The other case is haj-dly in point, for the Tribunal had found in that case that the directors did not work for the company, apart from attending some meetings. The remuneration was paid to them because they were financiers. It was in these circumstances that the court found that the disallowance was justified.
Cloth Traders (P) Ltd., Etc vs Addl. Commr. Of Income Tax, ... on 4 May, 1979
5. Before parting with the ease it is necessary to advert to two decisions referred to by Sri R. K. Gulati in the case of Nund & Samont C0. P. Ltd. v. CIT [1970]78 ITR 268 (SC) and the other, CIT v. Motor and General Sales (P.) Ltd. [1968] 68 ITR 102 (All).
Sri Krishna Tiles And Potteries ... vs Commissioner Of Income-Tax on 13 June, 1972
Here, on the facts, as are apparent, the directors were directly looking after the company's business and assisting in raising finances for the efficient conduct of the business The case of Sri Krishna Tiles and Potteries (Madras) P. Ltd. v. CIT [1973] ITR 439 (Mad) is also of no avail, as the facts are dissimilar.
Section 10 in Income Tax Rules, 1962 [Entire Act]
Commissioner Of Income-Tax, Uttar ... vs Motor And General Sales (P.) Ltd. on 17 January, 1967
5. Before parting with the ease it is necessary to advert to two decisions referred to by Sri R. K. Gulati in the case of Nund & Samont C0. P. Ltd. v. CIT [1970]78 ITR 268 (SC) and the other, CIT v. Motor and General Sales (P.) Ltd. [1968] 68 ITR 102 (All).
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