1990 (8) TMI 4 - SCH - Income Tax

Business Profits - Tribunal s decided that neither profit nor loss can be ascertained from an abandoned construction contract - finding of fact - no reference lies

Summary

The Supreme Court dismissed the appeal regarding the assessment of income, as the question raised was considered a pure finding of fact by the Tribunal and High Court. No costs were awarded. (Case citation: 1990 (8) TMI 4 - SC)