Forgot password
New User/ Regiser
⇒ Register to get Live Demo
1992 (9) TMI 45 - BOMBAY HIGH COURT
Extract:
.......was not income from business. In view of the foregoing discussion, it is clear that the income in question could not be subjected to tax under the Income-tax Act either as business income or as capital gains. The two questions referred by the Tribunal are, therefore, answered in the affirmative and against the Revenue. We make no order as to costs.