Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1960 (3) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1960 (3) TMI 59 - MADRAS HIGH COURTExtract: .......ld amount to a capital asset. The new case that the consideration paid for the release should be allocated between the two heads of capital and revenue cannot now be allowed. Our answer to the question referred to us is against the assessee, that is, that the sum of ₹ 32,683 would not represent a capital receipt, and is liable to be assessed.
|