Supreme Court of India
Commissioner of Income-tax, U.P., Lucknow v. British India Corpn. Ltd., Kanpur
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
We are of the opinion that the High Court was G right in the view it took.
Judgment, page 7
From the headnote
Income Tax Act, 1922-s.10(2)(XV)-Assessee Company Entering into agreement with another company appointing its nominee as distributors of assessee's products-In lieu of benefit of technical knowledge assessee paid to the distributors for meeting initial expenses of establishment of distributorship-Assessee claiming deduction Payment whether capital expenditure or revenue expenditure. The assessee-company entered into an agreement with M/s. Charles Walker and Company, London which, inter alia, stipnlated that the latter wonld permit the nse by the assessee of a number of registered trade
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