1960 (11) TMI 17 - SC - Income Tax

Whether the assessee is entitled to a deduction of ₹ 1,350 and ₹ 18,000 from his total income of the previous year relevant to the assessment year 1953-54/1954-55 ?

Held that:- The question referred to the High Court ought to have been answered in the negative. We, accordirgly, discharge the answer given by the High Court, and the question will be answered in the negative. The appeal is thus allowed