Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1996 (3) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1996 (3) TMI 58 - HC - Income TaxExtract: .......be not applicable in the case of the company, since no extra consideration actually passed, under the provisions of section 2(24)(iv) of the Income-tax Act, 1961, as deemed income. In view of the foregoing discussions, we answer the questions referred to us in the case of both the assessees in the negative and in favour of the Department. No costs.
|