Month: June 1997

Punjab & Haryana H.C : Whether, on the facts and in the circumstances of the case, the learned Tribunal is right in law in confirming the order of the Dy. CIT(A) who treated the rental income of the assessee as business income and consequently deleted the disallowance made at Rs. 71,245 on account of salary paid to partners under s. 40(b) of the IT Act, 1961?

High Court Of Punjab & Haryana CIT vs. Golden Engineering Works Section 256(2) Ashok Bhan & N.K. Agrawal, JJ. ITC No. 125 of 1996 15th July, 1997 Counsel Appeared B.S. Gupta with Sanjay Bansal, for the Applicant : Anil Miglani, for the Respondent JUDGMENT ASHOK BHAN, J. : The CIT, Jalandhar has filed this petition under …
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