1970 (4) TMI 26

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..... managing agency - No question of law arises - assessee's appeal is dismissed
Judge(s) : K. S. HEGDE., J. C. SHAH. and A. N. GROVER. JUDGMENT The judgment of the court was delivered by SHAH J.-The facts of this case bear an uncanny parallel with the facts which gave rise to Civil Appeal No. 2184 of 1966: Madhowji Dharamshi Mfg. Co. Ltd. v. Commissioner of Income-tax, Bombay. Shapurji Broa .....

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..... e by the assessee for allowance of the amounts alleged to have been paid to the D.C.P.M. and Bharat Union Agencies Ltd. as compensation for breach of the agreements of the selling agency and the managing agency in the year of assessment for 1951-52 was disallowed by the Income-tax Officer. That order was confirmed by the Appellate Assistant Commissioner and by the Income-tax Appellate Tribunal. An .....

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