Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1987 (5) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1987 (5) TMI 358 - HIGH COURT OF PATNA (FB)Business income - Whether the proprietor of a colliery abdicating all control of its business in favour of a managing contractor by a lease for a fixed term of ten years with an option to renew by the lessor on the terms of an annual minimum guaranteed amount of Rs. 18,000 and royalty at differential rates on the quantum of coal raised and its manufacture, can still be said to be carrying on the business of the said colliery within the meaning of section 28(1) of the Income-tax Act, 1961
|