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1958 (9) TMI 88 - BOMBAY HIGH COURT
Extract:
.......oint of view of the assessee in this. case there cannot be the slightest doubt that the deposit was looked upon as a business expenditure and if the deposit was forfeited it was a business loss. The result is that we must answer the question submitted to us in the affirmative. The Commissioner to pay the costs. Question answered in the affirmative.