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1973 (3) TMI 1 - SC - Income Tax
Voluntary liquidation of a company- capital gains - Whether Tribunal was right in holding that the sum of Rs. 95,944 is liable to tax under section 12B(2) - the difference between the language of the first proviso to section 12B(1), as inserted by Finance (No. 3) Act of 1956, and the third proviso to section 12B(1), as inserted by Act 22 of 1947, cannot be of much material help to the revenue