Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1988 (7) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1988 (7) TMI 18 - HC - Income TaxExtract: ....... income and no part of the expenditure can be apportioned under the head Income from other sources . The whole of the expenditure should be allowed under business income. For the reasons aforesaid, we answer the question in this reference in the affirmative and in favour of the assessee. There will be no order as to costs. K. M. YUSUF J. - I agree.
|