Home Case Index All Cases Income Tax Income Tax + SC Income Tax - 1967 (5) TMI SC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1967 (5) TMI 7 - SC - Income TaxITO held that out of the consideration of Rs. 74,000, Rs. 4,000 should be allocated to the workshop assets and the balance of Rs. 70,000 be taken into account under s. 10(2)(vii), proviso two, of the IT Act, 1922, as profit of the service - held that sum of Rs. 45,698 is not assessable to tax under the provisions of the second proviso to s. 10(2)(vii)
|