Supreme Court of India
Debra Dun Tea Co. Ltd. & Anr. v. Commissioner of Income Tax, U.P., Lucknow
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.
What the Court ordered
In the result these _appeals are allowed and the answer given by the High Court is revoked and the question referred to the B High Court is answered in favour of the assessee.
Judgment, page 4
From the headnote
Income-tax Act 1922 s. 10(2) (xv)-Deductib/e expenditure-Tax paid by tea growers under U.P. Large Land Holdings Act XXXJ of 1951 whether deductible. The assessee companies were growers of tea. Their income was taxed under s. 10 of the Income-tax Act 1922 but under Rule 24 of the Rules framed under the Act only 40% of their income was brought to tax. The expenditure was also allowed to the extent of 40%. The companies claimed that the tax paid by them under the U.P. Large Land Holdings Tax Act 1957 was deductible under s. 10(2)(xv) of the Income-tax Act. The claim was disallowed by the
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