Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1987 (11) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1987 (11) TMI 16 - HC - Income TaxExtract: .......at as and when moneys were required for the purpose of lending, it could encash the securities and lend money. Indeed, the present case is a more straight forward case than the one considered in that case. For the above reasons, question No. 2 also is answered in the affirmative, that is, in favour of the assessee and against the Revenue. No costs.
|