Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1950 (1) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1950 (1) TMI 12 - HC - Income TaxExtract: ....... we are unable to follow the decision in Commissioner of Income-tax, Bombay v. Western India Life Insurance Company Ltd. 1945 13 ITR 405 and we hold that Section 42(1) of the Income-tax Act as amended in 1939 applies to residents as well as non-residents. The question referred to us is therefore answered in the affirmative and against the assessee.
|