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2002 (7) TMI 51 - GUJARAT HIGH COURTBusiness Income - Deemed Profits - Remission Of Liability - Value Of Benefit Or Perquisite - Discontinunance Of Business – Succession - "Whether, the Appellate Tribunal is right in law and on facts in holding that the amount of sales tax refund received by the assessee-firm was not to be included in the total income of the assessee under the provisions of section 41(1) nor the provisions of sections 176(3A), 170(1)(b) and 28(iv) are attracted?" - We, therefore, answer the question referred to us in the affirmative, i.e., in favour of the assessee and against the Revenue.
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