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1972 (10) TMI 20 - HC - Income TaxAssessee obtained lease of premises for starting hotel business but the premises were required by the Government of India. Due to this the assessee was not able to commence business - Whether, on the facts and circumstances of this case, the compensation received on account of this is liable to be taxed in the hands of the assessee - assessee was completely prevented from commencing his business of a hotel as a result of the two requisition orders - He never carried on that business until he commenced the same in April, 1947. That he received compensation amounts in September and November, 1947, and March, 1948, does not make any difference to the findings made above - In the result, our answer to the question is in the negative
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