Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding

🚨 Important Update for Our Users

We are transitioning to our new and improved portal - www.taxtmi.com - for a better experience.

⚠️ This portal will be discontinued on 31-07-2025

If you encounter any issues or problems while using the new portal,
please let us know via our feedback form so we can address them promptly.

  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1998 (8) TMI HC This

  • Login
  • Summary

Forgot password



 

1998 (8) TMI 74 - HC - Income Tax

The High Court of Delhi ruled that cash compensatory support, duty drawback, and profit on sale of import entitlements are taxable as income due to retrospective amendments in the Income-tax Act. Profit on sale of imported machinery is also taxable as business profits. The court answered question No. 1 in favor of the Revenue and returned questions 2 and 3 unanswered.

 

 

 

 

Quick Updates:Latest Updates