COMMISSIONER OF INCOME-TAX, BOMBAY CITY-I, BOMBAY v. ASSOCIATED CEMENT COMPANIES LTD., BOMBAY

Citation: [1988] 3 S.C.R. 917

Court: Supreme Court of India

Bench: R.S. PATHAK, M.H. KANIA

Case summary

If this principle is applied to the facts of the case before us, what we find is that the advantage which was secured by the assessee by making the expenditure in question was the securing of absolution or immunity from liability to pay municipal rates and taxes under normal...

Judgment text

If this principle is applied to the facts of the case before us, what we find is that the advantage which was secured by the assessee by making the expenditure in question was the securing of absolution or immunity from liability to pay municipal rates and taxes under normal...