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1971 (8) TMI 20 - SUPREME COURT
Business of raising coal from coal mines and selling the same to its constituents - As lessee of the mines the assessee incurred liability for payment of Road and Public Works cess & Education cess - Profits arrived at according to the provisions of the two cess Acts could not be equated to the profits which were determined under s. 10 of Indian Income-tax Act, 1922. Therefore, s. 10(4) was not attracted