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1971 (8) TMI 83 - HC - Income Tax1. Whether, assessee is entitled to the deduction commission paid on borrowing shares for purposes of pledging them as security with the income-tax department - 2. Whether assessee is entitled to the deduction of legal expenses - 3. Whether AAC was competent to substitute the figure of Rs. 3,73,075 as the amount of loss carried forward - 4. Whether Tribunal was right in holding that the amount of Rs. 2,00,348 represented capital expenditure and was not a permissible deduction under section 10(2)(xv) of the Indian Income-tax Act, 1922 - questions Nos. 1, 3 and 4 are answered in favour of the department and against the assessee and question No. 2 is answered in favour of the assessee and against the department
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