Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2001 (9) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2001 (9) TMI 17 - RAJASTHAN HIGH COURTIncome Or Capital - Interest On Estate Duty Refund - we direct the Tribunal to state the case and refer the following questions of law arising out of the Tribunal's order for the opinion of this court: "(1) Whether the learned Tribunal was right in law in holding that the amount of interest on estate duty refund of the late Shri Budhmal Dugar is not a capital receipt but is a revenue receipt liable to income-tax for the assessment year 1982-83? - (2) Whether the learned Tribunal was right on the facts and in law in holding that the system of account of the assessee was not mercantile but cash? - (3) Whether the learned Tribunal was right in law in holding that the amount of interest is not to be spread over the year of payment to the date of actual refund of estate duty but is liable to be taxed in the assessment year 1982-83 because the refund voucher was received by the assessee on April 20, 1981?"
|