Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2001 (9) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2001 (9) TMI 43 - HC - Income TaxExtract: .......to its capital, it cannot be said that any income or gain arises or accrues to the assessee in the true commercial sense which a businessman would understand as real income or gain. Having regard to this settled position of law, the second and the third questions are required to be and are answered in favour of the assessee and against the Revenue.
|