Supreme Court of India

Babulal Narotiamdas and Ors. v. Commissioner of Income-tax, Bombay

Neutral citation
Reported as [1990] SUPP. 3 S.C.R. 541
Bench P.B. Sawant and M. Fathima Beevi JJ.
Decided 14 December 1990

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.

From the headnote

Income-Tax Act, 1922: Section 4-Right to receive extra remune­ ration-Resolution authorising the payment challenged before Court­ Resolution held Valid-Whether the right accrued from the date of Resolution or from date of judgment. The appellant-assessee was maintaining the Mercantile system of accounting. He was the Managing Agent of a company and by way of a Resolution passed on 20.7.1949 the compay bad agreed to pay the appellant special additional remuneration at the rate of Rs.15,000 per annum. However, a representative suit was filed by the shareholders of the company for perpetual

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