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1998 (4) TMI 132 - ANDHRA PRADESH HIGH COURT
Extract:
....... , when it does not cease to be the part of the activity which would otherwise be taxable as business income, if business is actually done. Therefore, it remains as part of the capital structure and hence these receipts are only capital receipts and cannot be taxed. This part of question No. 2 is answered in the affirmative and against the Revenue.