Home Case Index All Cases Income Tax Income Tax + SC Income Tax - 1958 (10) TMI SC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1958 (10) TMI 8 - SC - Income TaxWhether, in the circumstances of the case, the sum of ₹ 17,132 for 1943-44 and ₹ 47,029 for 1944-45 could be legally deemed to have been received in British India and were liable to tax under section 4(1) of the Act? Whether, in the circumstances of the case, the expenditure of ₹ 7,512 incurred in connection with a criminal litigation was admissible expenditure within the meaning of section 10(2)(xv) of the Act ? Held that:- Having regard to the method adopted by the appellant in keeping her books of account, it seems clear that, if the appellant's present contention is accepted, the decision as to remittances from Chistian to Khurja as well as the decision as to the rates at which the tax were to be levied on the appellant may have to be reopened. That is why we think, in the special circumstances of this case, we should not allow Mr. Sastri to raise the point that the appellant cannot trade with herself and so the relevant entries cannot justify the inference that the appellant has received income even though the entries are made in the accounts kept on mercantile basis - both the questions answered against the appellant. Appeals dismissed.
|