Case Law Details
Case Name : The commissioner of Income Tax Vs M/s United Breweries Ltd (Karnataka High Court)
Related Assessment Year :
Courts :
All High Courts Karnataka High Court
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CIT vs. United Breweries Ltd (Karnataka High Court )
ITA No. 404 of 2009
Date of Decision 15th October 2011
Honorable high Court in this case on the issue of payment of Commission by United Breweries Ltd. To its Chairman Shri. Vijay Mallya held that though the chairman has stood as guarantor in his personal capacity, the bank has lent money not on personal Guaranty of the Chairman but on the Assets of the Co
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