Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1967 (3) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1967 (3) TMI 117 - HC - Income TaxExtract: .......ore, we answer question No. 1 in the affirmative and as to question No. 2 our answer is that the amount of compensation of ₹ 2,34,000 will not be liable to tax, but the amount of interest thereon will be taxable under section 10(5A) of the Indian Income-tax Act in the assessment year 1956-57. The department will pay the costs of the assessee.
|