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1977 (8) TMI 35 - BOMBAY HIGH COURT
Extract:
.......ability under section 41(2). Accordingly, our answer to question No. 2 is that the solatium of Rs. 1,89,000 received by the assessee is a part of the sale price of the assets for the purpose of determining the liability under section 41(2) of the Income-tax Act, 1961, for the assessment year 1962-63. The assessee shall pay the costs of the revenue.