1985 (11) TMI 54 - HC - Income Tax

Summary

The High Court of Rajasthan, in reference to Arvind Singh's case, held that certain receipts for different assessment years were not liable to be taxed as income. The court ruled in favor of the assessee and against the Revenue, with each party bearing their own costs. The Tribunal was to be informed of the decision as per the Income-tax Act, 1961.