Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1974 (12) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1974 (12) TMI 30 - HC - Income TaxExtract: .......pellate Tribunal was right in law in holding that a sum of Rs. 39,489 was not assessable in the hands of the firm under section 41(1) of the Act. Thus we decide the reference in favour of the assessee and against the revenue. In the circumstances of this case, however, we leave the parties to bear their own costs. MAN MOHAN SINGH GUJRAL J.-I agree.
|