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1952 (11) TMI 1 - SC - Income Tax
Whether in the circumstances of the case, the sum of ₹ 14,00,000 was the assessee company's income within the meaning of Section 2(6C) of the Indian Income-tax Act and liable to pay income-tax under the Indian Income-tax Act?
Held that:- Te High Court was right in holding that the ₹ 14,00,000 is assessable to tax. The appeal fails and is dismissed