759/CBDT.

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... etermining liability to additional tax u/s 104. As such inclusion was not free from doubt, the issues involved have been examined in detail and the Board are advised that the character of an asset as fixed asset or a floating asset would depend upon the person who holds in, the nature of his business and the character in which it is held. If these were applied and the question is also raised as to .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... rever possible, be taken. A report incorporating. (i) No. of cases reviewed; (ii) No. of cases where mistakes have been noticed; (iii) NO. of cases where rectificatory action has been taken; (iv) tax effect be sent the Board by 15th October, 1974. 4. Receipt of this letter may please be acknowledged. - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Manageme .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X