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1982 (7) TMI 69 - ANDHRA PRADESH HIGH COURT
Extract:
....... Supreme Court in Narayanappa v. Bhaskara Krishnappa, AIR 1966 SC 1300. The Tribunal was perfectly right in upholding the contention of the assessee that the sum of Rs. 46,500 received by him on his retirement is not assessable to capital gains. We answer the reference in the negative and in favour of the assessee with costs. Advocates fee Rs. 250.