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The High Court of Allahabad ruled against the assessee in a case involving the addition of excess amount to income. The Appellate Tribunal had deleted Rs. 15,057 from the sale price of fertilizer kept by the assessee, but the High Court disagreed. The court held that since the amount was not deposited in a separate account as required, it should be considered as income. The judgment favored the Revenue and directed that if the assessee's right to the amount is negated, a deduction can be claimed.
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