Supreme Court of India
Commissioner of Income Tax, Delhi (central-i) v. M/s. Continental Construction Ltd.
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, I961 : Sections 40(c), 40A(5)(a) and (b)-Assessee- Civil construction company-Employee-Directors posted outside India- Remuneration paid in excess to the ceiling limit-Deductions claimed on the ground that amount paid to employee-Directors posted outside India not c subjected to ceiling-Income Tax Officer disallowed the excess amount paid- On appeal, held, employee-Directors do not cease to be an employee-The _expenditure incurred on an employee-Director is reasonable and necessary- Hence not subject to ceiling. -( The respondent-assessee was a civil construction company which
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