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1995 (4) TMI 27 - MADRAS HIGH COURTExtract: .......act and for all purposes the jackpot income fell in the accounting year 1971-72 of the assessee of which the assessment year was 1972-73 and not 1973-74 as claimed by the Revenue. We are of the opinion that the Tribunal has committed no mistake in excluding the income from race winnings from the tax. The reference is answered accordingly. No costs.
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