Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1989 (3) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1989 (3) TMI 79 - HC - Income TaxExtract: ....... gain by transfer of any capital asset. Therefore, the amount cannot be excluded from the capital of the company for the purposes of the Companies (Profits) Surtax Act, 1964. In view of the aforesaid, the question is answered in the affirmative and in favour of the assessee. There will be no order as to costs. BHAGABATI PRASAD BANERJEE J. -I agree.
|