CIT v. Malayalam Plantations Ltd. (Supreme Court of India)

Supreme Court of India COMMISSIONER OF INCOME-TAX, KERALA Vs. MALAYALAM PLANTATION LTD. DATE OF JUDGMENT:10/04/1964 BENCH: K. SUBBARAO, J.C.SHAH, S.M.SIKRI, CITATION: 1964 AIR 1722, 1964 SCR (7) 693 ACT : Income Tax-Assessee treated as agent – Estate duty of non-resident paid by assessee- If an allowable deduction-Expression “for the purpose of the business”-Meaning of Indian Income-tax Act, 1922 (11 of 1922), s. 10(2)(xv)-Estate Duty Act, 1953 (34 of 1953), s. 34. HEADNOTE : For the two accounting periods the assessee, a resident company, incorporated outsid...