R. DALMIA vs COMMISSIONER OF INCOME-TAX, NEW DELHI

The Supreme Court interpreted Section 2(6C)(iii) of the Indian Income Tax Act, 1922, clarifying that the term 'person concerned in the management of business' encompasses not only those who directly manage but also those who exert indirect control over management. The Court held that the expression 'concerned' is broad and includes individuals with substantial interest in the company, even if they do not participate directly in management. The appeal was dismissed, affirming the lower courts' decisions that the benefits received by the assessee constituted taxable income under the Act.