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1971 (9) TMI 44 - ALLAHABAD HIGH COURTWe are unable to hold that the company carried on any business or vocation, and it seems to us that the Tribunal is right in holding that the case is not governed by section 28 but falls to be considered under section 56. The income from the fixed deposits has to be considered as income from "other sources", and only that expenditure can be deducted from it which under section 57 can be considered as incurred for earning that income. The Tribunal has found that the expenses claimed are not related to that income, and this finding has not been shown to be erroneous in law.
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