Court Orders Reassessment of Tax on Fixed Deposit Maturity and Expense Reimbursement in Investment Case.

Correct head of income - investing activity done by the assessee - the contentions raised by the assessee cannot be brushed aside and he cannot be taxed on the receipt which is the maturity amount of the fixed deposit receipt with the bank and reimbursement of the expenditure received. - Matter restored back for re-adjudication- AT .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X