Commissioner Of Income-Tax vs Modipon Ltd. (No. 2) on 22 September, 1994
Author: D.K. Jain
Bench: Y.K. Sabharwal , D.K. Jain
JUDGMENT ... itself in respect
of the assessment year 1976-77 ( CIT v. Modipon Ltd. (No. 1) [1991] 189 ITR 344 (All)), in our opinion, a reference
Commissioner Of Income-Tax vs Modipon Ltd. (No. 1) on 22 September, 1994
Equivalent citations: [1995]212ITR420(DELHI)
Author: D. K. Jain
Bench ... been declined by the Allahabad High Court in CIT v. Modipon Ltd. (No. 1) [1991] 189 ITR 344 and CIT v. Modipon Ltd
regarding the taxability of the directors' remuneration for M/s. Modipon Ltd. should be decided afresh?"
R.A. No. 546(DEL)/1978 ... holding that remuneration of Rs. 34,016/- from M/s. Modipon Ltd. accrued to the assessed during the previous year relevant to the assessment year
directing that the value of perquisite in respect of accommodation be limited to the value fixed by the prescribed authority under section ... rate of 1 per cent of the net profit of Modipon Ltd. did not accrue to the assessed as the amount of remuneration was foregone
cent of the net profit of the company known as Modipon Ltd. agreed to the assessed so as the addition
cent of the net profit of the company known as Modipon Ltd. agreed to the assessed so as the addition
Modipon. The petitioners, in turn, assigned the contract awarded by Air India to one M/s. Salwan Construction Company Private Limited, against which ... said concern. The gross receipts from contracts assigned by Air India and Modipon were respectively Rs.2,93,61.361/- and Rs.4,37,520/-. According
