1966 (9) TMI 10

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... come-tax Act, 1922. The question referred is: "Whether the surplus of Rs. 37,385 arising from the sale of plant and machinery of an ice factory is chargeable to income-tax under section 10(2)(vii) of the Income-tax Act as deemed income of the assessee ? " The finding of fact given by the Tribunal is that the business was not carried on during the previous year and this finding of fact has been .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X