Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2004 (2) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2004 (2) TMI 49 - HC - Income TaxSale proceeds received by the assessee on selling the scrapped bottles and crates (trays) - Whether the sale proceeds received by the assessee on selling the scrapped bottles and crates (trays) could be taxed as income by virtue of section 41(1) of the Income-tax Act, 1961? - We, find no fault with the approach of the appellate authorities below in taking the view-that section 41(1) was attracted in the fact situation of the present case, so as to bring the said amount as chargeable to income-tax, as the income of that previous year.
|