1935 (3) TMI 26 - HC - Income Tax

Summary

The High Court of Madras ruled that the sum of Rs. 3,250 received by the petitioner was a business income taxable under Section 10, not related to securities under Section 8. The court directed the assessee to pay Rs. 250 as costs to the Commissioner of Income-Tax. (Case citation: 1935 (3) TMI 26)