Supreme Court of India

Commissioner of Income-tax, Gujarat Ahmedabad v. Tejaji Farasram Kharawalla Ltd.

Neutral citation
Reported as [1968] 1 S.C.R. 37
Bench J. C. Shah, S. M. Stkrl and V. Ramaswami JJ.
Decided 19 July 1967

INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.

2 Supreme Court benches have cited this judgment.

From the headnote

Indian Income-tax .4ct, 1922, s. 4(3) (vi)- Allowance to agent for expenses wholly and necessarily in the performance of duties-­ Exemption under section whether applicable to whole amount st sanctioned whether actually expended or not-'lncurred' whether includes 'to be incurred'. The respondents were selling agents for the goods manufactured by another company. They were paid 7l% on the sales .as sellinll commission and 5')(;. as con_tingency expenses. The question in in .. come-tax proceedings was whether the amount not spent out of the grant for contingency expenses was exempt from

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