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1961 (8) TMI 56 - CALCUTTA HIGH COURT
Extract:
....... above we decide that the sum of ₹ 3,50,000 in the facts and circumstances of this case is a revenue receipt assessable to tax under Indian Income-tax Act and return an answer in the affirmative to the question asked. The commissioner of Income-tax will get the costs of this reference. NIYOGI J.--I agree. Question answered in the affirmative.