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1952 (4) TMI 36 - MADRAS HIGH COURT
Extract:
.......₹ 9,397 also should be treated as a capital receipt. It, therefore, follows that the sum of ₹ 13,197 is exempt from tax and the second question must be answered in the negative and in favour of the assesses. As the assessee has substantially succeeded, he is entitled to costs, which we fix at ₹ 250. Reference answered accordingly.