Home Case Index All Cases Income Tax Income Tax + SC Income Tax - 1966 (9) TMI SC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1966 (9) TMI 32 - SC - Income TaxExtract: .......se profits and gains. It is, therefore, clear that this amount could not have been claimed as a legitimate deduction under section 10(2)(xv) of the Income-tax Act. Our view is supported by the observations of Rowlatt J. in Countess Warwick Steamship Co. Ltd. v. Ogg. The appeal consequently has no force and is dismissed with costs. Appeal dismissed.
|