1989 (1) TMI 44 - HC - Income Tax

Summary

The petitioner-company received a sales tax refund of Rs. 72,535, which was brought to tax under section 41(1) of the Income-tax Act for the assessment year 1977-78. The court upheld the decision based on a previous ruling and dismissed the petition. The judgment was delivered by Judge PARIPOORNAN J. The original petition was found to be without merit and was dismissed.