Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1990 (11) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1990 (11) TMI 90 - HC - Income TaxExtract: .......money-lending. If so, there is nothing unusual or strange in the assessee maintaining a separate account for the said firm in its account books. For the above reasons, we are unable to agree with learned counsel. The question referred is, accordingly, answered in the affirmative, that is, in favour of the Revenue and against the assessee. No costs.
|