"17 August 1971" Archive

CIT vs. Birla Spinning and Weavings Ltd. Supreme Court) (1971) 82 ITR 166 (SC)

Commissioner of Income Tax, West Bengal Vs Birla Cotton Spinning & Weaving Mills Ltd. & Ors. (Supreme Court of India)

The expression for the purpose of the business in s. 10(2)(xv) is wider than the expression for the purpose of earning profits. The former covers, not only the running of the business or its administration but also measures for the preservation of the business and protection of its assets and property....

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