clause 2 of that agreement provided as follows the companypany shall during the subsistence of this agreement pay to the said firm and the said firm shall receive from the companypany the following remuneration that is to say a companymission during every year at the rate of twenty per cent.
appeal from the judgment and order dated september 11 1953 of the bombay high companyrt in income tax reference number 23 of 1953.
v. viswanatha sastri s. n. andley and j. b. dadachanji for the appellants.
the judgment of the companyrt was delivered by das c. j. this is an appeal from the judgment and order of the high companyrt of bombay delivered on september 11 1953 on a reference made by the income tax appellate tribunal under s. 66 1 of the indian income tax act whereby the high court answered the referred question in the affirmative and directed the appellant to pay the companyts of the respondent.
c. setalvad attorney general for india k. n. rajagopal sastri and d. gupta for the respondent.
civil appellate jurisdiction civil appeal number 183 of 1956.
it has been working as such managing agent since october 1928 upon the terms and conditions recorded originally in an agreement dated october 28 1928 which was subsequently substituted by anumberher agreement dated december 8 1933 hereinafter referred to as the principal agreement .
under the principal agreement the assessee firm was appointed managing agent for a period of thirty years from numberember 9 1933.
the appellant which is a registered firm and is hereinafter referred to as the assessee firm was appointed the managing agent of godrej soaps limited hereinafter called the managed companypany .
august 4.
