https://www.taxtmi.com/caselaws?id=20306 The High Court held that Section 40(c) of the Income-tax Act, 1961 applies to corporate bodies as the term "person" includes companies. The court rejected the argument that the provision only pertains to individuals. Additionally, the court declined to address the issue of the capacity in which a payment was made, deeming it a factual matter. The decision favored the Revenue over the assessee, with no costs awarded. en-us Mon, 20 Sep 1993 00:00:00 +0530 Fri, 13 Nov 2009 11:45:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20306 The High Court held that Section 40(c) of the Income-tax Act, 1961 applies to corporate bodies as the term "person" includes companies. The court rejected the argument that the provision only pertains to individuals. Additionally, the court declined to address the issue of the capacity in which a payment was made, deeming it a factual matter. The decision favored the Revenue over the assessee, with no costs awarded. Case-Laws Income Tax Mon, 20 Sep 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20306