Sec. 2(28A)

Sec. 2(28A), Section 45, Section 56

Madras H.C : Whether, in view of facts stated under head ‘Interest, meaning of’, amount in question received by Official Liquidator as per orders of Company Court, though repeatedly referred to as interest, for purpose of assessment of income-tax, it was part of sale consideration and, therefore, said amount was to be treated only as capital gain and not income from other sources

High Court Of Madras Cauvery Spg. & Wvg. Mills Ltd. (In Liquidation) Vs. DCIT Section : 2(28A), 45, 56 S.

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