Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2000 (11) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2000 (11) TMI 64 - HC - Income TaxExtract: .......ness. That is only a hypothetical conclusion. The above being the position, the Appellate Assistant Commissioner and the Tribunal were not justified in their respective conclusions about the amount involved being capital borrowed. Therefore, both the questions referred are answered in the negative, in favour of the Revenue and against the assessee.
|