Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1951 (4) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1951 (4) TMI 26 - HC - Income TaxExtract: ....... therefore, persuaded myself eventually to adopt the answer proposed by my learned brother to the first question as well. The question whether a certain amount is capital receipt or income has always to be decided on the facts and circumstances of each case, and no hard and fast rule can be laid down for the purpose. Reference answered accordingly.
|