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(1963) 1 MLJ 1 (Mad)
IN THE HIGH COURT OF JUDICATURE AT MADRAS
Present : Mr. Justice Jagadisan and Mr. Justice Srinivasan
Case Number(s) : T.C. No. 3 of 1959. (Reference No. 3 of 1959). (13th Magna, 1883, Saka)
Judgement Date :
Friday 02nd of February 1962
| A. Natesa Iyer, Kallidaikurichi | .....Appellant(s) | | Versus |  | | The Commissioner of Income-tax, Madras | .....Respondent(s) |
Income-tax Act (XI of 1922), section 10(2) (xv) and (x) — Payment of salary and bonus for the assessment years 1953-54 and 1954-55 by the assessee to his son — Whether such amounts could be claimed as permissible deduction while computing the business income — “Expenses incurred wholly and exclusively for the purpose of business” — What amounts to.

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