Commissioner Of Income Tax vs A. Krishnaswami Mudaliar & Ors.
Whether the Income Tax Officer was justified in applying the proviso to Section 13 of the Indian Income Tax Act, 1922, to compute the assessee's business income by valuing the closing stock of a wasting asset (film exploitation rights) when the assessee maintained accounts on a cash basis without such valuation --- Held Yes.
š Direct Access Blocked
For your security and to prevent unauthorized automated access, individual judgment links cannot be opened directly. Please access this content via Google Search or the TaxPundit Search Portal.