Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1978 (5) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1978 (5) TMI 37 - HC - Income TaxExtract: .......ther fact on which the revenue can rely is that the company concerned is an investment company. If we accept the contentions of Mr. Pal we have to hold that any dealing in shares by an investment company for whatever purpose is a transaction in the nature of its business and all surplus arising therefrom are revenue receipts. This we do not accept.
|