Supreme Court Partially Allows Assessee's Appeal in Income Tax Deduction Dispute. Royalty Payments on Sugar Manufacture Held Revenue Expenditure Under Section 10(2)(xv) of Income Tax Act, 1922, While Monopoly Rights Payment Held Capital....
The case involved appeals by certificate from a judgment of the Rajasthan High Court in an income tax reference. The appellant assessee, a public company engaged in the manufacture and sale of sugar a...




