Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2006 (7) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2006 (7) TMI 183 - KERALA HIGH COURTExtract: .......on 43B of the Income-tax Act. We are of the view that the Tribunal is justified in holding that the amount collected by the assessee forms part of trading receipts and can be included in the income of the assessee. The questions raised are all answered in favour of the Revenue. The appeal, therefore, lacks merits and the same would stand dismissed.
|