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Case lawSupreme Court › CIT v Malayalam Plantations Ltd
Supreme CourtHelps departments.37(1)s.10(2)(xv) of the Indian Income-tax Act, 1922s.84 Estate Duty Act, 1953s.77 Estate Duty Act, 1953

CIT v Malayalam Plantations Ltd

The AO says my expenditure did not earn me any income, so it fails s.37(1). Is that the test?

The AO says my expenditure did not earn me any income, so it fails s.37(1). Is that the test?

No. 'For the purpose of the business' is wider than 'for the purpose of earning profits', and expenditure does not have to produce income to qualify. But the width has a limit that the same case supplies: the expenditure must be incurred by the assessee in his capacity as a person carrying on the business. Estate duty the company paid on the deaths of its non-resident shareholders failed that limit — it was paid as a statutory agent for someone else — and was not deductible.

Decided by the Supreme Court (Supreme Court of India — K. Subba Rao, J.C. Shah and S.M. Sikri, JJ; the judgment was delivered by Subba Rao J. Civil Appeal Nos. 384 and 385 of 1963, by special leave from the Kerala High Court) on 1964-04-10, reported as [1964] 53 ITR 140 (SC); 1964 AIR 1722; 1964 SCR (7) 693; [1964] INSC 118. It bears on section 37(1), section 10(2)(xv) of the Indian Income-tax Act, 1922, section 84 Estate Duty Act, 1953, section 77 Estate Duty Act, 1953 of the Income Tax Act 1961, in Deductions & Disallowances and How Tax Law Is Read matters.

Still good law. Followed and relied upon by the Supreme Court in S.A. Builders Ltd. v. Commissioner of Income-tax (Appeals), Chandigarh [2007] 158 Taxman 74 / [2007] 288 ITR 1 (SC), decided 14 December 2006, which records at its para 29 that it has been repeatedly held by that Court, citing this decision and CIT v. Birla Cotton Spg. & Wvg. Mills Ltd. [1971] 82 ITR 166 (SC), that 'for the purpose of business' is wider in scope than 'for the purpose of earning profits'. Note what S.A. Builders adds rather than takes away: the expression includes expenditure voluntarily incurred on grounds of commercial expediency, and it is immaterial that a third party also benefits — so a payment that benefits another is not outside the section merely because of that, provided the assessee incurs it as a businessman and for its own business purpose. What this decision excludes is the different case where the assessee pays as agent for another's liability.

Why it matters

Practitioners cite the first half of this case and the department cites the second. It is the standing answer to a disallowance made on the ground that a particular outgo produced no revenue: preservation of the business, protection of its assets, rationalisation of administration and payment of statutory dues can all be 'for the purpose of the business'. It is also the answer to over-reaching, because the Court refused the claim on the very facts before it. Read only half of it and you will be surprised in the Tribunal.

Binding on every court and authority in India.

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