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1980 (8) TMI 40 - HC - Income Tax
Extract:
.......ssessee was not entitled to the grant of deductions of these debts. We hold that the assessee had fully complied with the requirements of s. 36(2)(i)(b). In the result, the question referred for our decision had to be answered in the negative, that is, in favour of the assessee and against the revenue. The Commissioner to pay costs of the assessee.