COMMISSIONER OF INCOME-TAX versus MODI INDUSTRIES LTD.
Income from business or home-acquired property or part of the property acquired by the Assisi for business purposes is up-occupation, which means the property actually occupied by the employees / directors of the Assisi Company. Continuing to occupy them as nominees for the continuing agents suggests that Issei found it. Their possession is allowed to facilitate proper oversight of the business of the Assisi so that they may be accounted for by the income from the business and the actual expenses for the Indian Income Tax Act, 1961, Sections 14 and 22, deductible. To be.
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