Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1998 (4) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1998 (4) TMI 100 - HC - Income TaxExtract: .......ad contributed as stock-in-trade at the time of his entry in the firm. The Tribunal was, therefore, right in holding that the said amount was not liable to tax as income from an adventure in the nature of trade. Question No. 3 is accordingly answered in the affirmative against the Revenue. The reference stands disposed of with no order as to costs.
|