1993 (6) TMI 248 - HC - Income Tax

Summary

The High Court Bombay held that the reimbursement of tax liability by Western Ministil Ltd. to the assessee was not chargeable to tax. The Tribunal's decision to delete the sum from the computation of total income was upheld. Section 41(1) and section 28(iv) of the Income-tax Act, 1961 were found not applicable in this case. The Tribunal's decision was confirmed, and the rule was discharged with no order as to costs.