Section 247, Section 67

Madras H.C : Whether, on the facts and in the circumstances of the case, the Tribunal was right in holding that the allocation of the profits to the minors is valid and the allocation has been done in accordance with s. 67(2) ?

High Court Of Madras Gopikishan And Ramkishan vs. CIT Sections 67(2), 247 Asst. Year 1966-67 Balasubramanyan & Padmanabhan, JJ. Tax […]