Supreme Court Dismisses Assessee in Income Tax Act, 1922 Deduction Case. Payment Made Due to Statutory Default in Deducting Tax at Source from Foreign Collaborator's Fees Not Deductible as Business Expenditure or Bad Debt Under Sections 10(2)(xi) and 10(2)(xv) of Income Tax Act, 1922....
The Supreme Court dismissed an appeal by special leave filed by an Indian aluminium manufacturing company against a judgment of the Calcutta High Court, which had answered in the negative a reference ...




