1992 (8) TMI 20 - HC - Income Tax

Summary

The High Court of Bombay ruled in a writ petition related to the assessment year 1990-91. The court set aside orders demanding additional tax on Rs. 1,64,772 as the assessable income was considered nil. The petitioners were not liable to pay any additional income tax. The orders dated December 2, 1990, February 22, 1991, and March 21, 1991 were overturned.