Forgot password
New User/ Regiser
⇒ Register to get Live Demo
1988 (8) TMI 38 - MADHYA PRADESH HIGH COURT
Extract:
.......received by the assessee and credited to the Molasses Storage Fund constituted a trading receipt and was taxable as its income. For all these reasons, our answers to all the four questions referred by the Tribunal are in the affirmative and against the assessee. In the circumstances of the case, parties shall bear their own costs of this reference.