Forgot password
New User/ Regiser
⇒ Register to get Live Demo
1971 (1) TMI 17 - SC - Income Tax
Reassessment Notice - assessee, a money-lender received amounts from the debtor outside the compromise and did not enter the same in accounts, whether it can be treated as appropriated towards capital - assessee must be taken to have appropriated these amounts towards the interest due to him and the amounts were taxable income - remarks by the officer in the order sheet did not amount to decision by him on the basis of facts found but are to be treated as casual observation.