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1998 (2) TMI 111 - DELHI HIGH COURT
Extract:
....... what we have already stated hereinabove. For the foregoing reasons, we are of the opinion that the Tribunal was not correct in forming an opinion that the deposits made by the directors and shareholders were not covered by section 40A(8). The question is, therefore, answered in the negative, i.e., in favour of the Revenue and against the assessee.