Co Ltd V Man - Judgment Search Results

Commissioner of Income-tax, U. P. and Vs. P. V. Man Mal Uttam Chand.

Court: Allahabad

Reported in: [1961]42ITR203(All)

however, been drawn to a decision of the Supreme Court in Commissioner of Income-tax v. Indo Mercantile Bank Ltd. That was a case under the Travancore Income-tax Act, but that decision by the Supreme Court shows that … BHARGAVA, J. - The question referred by the Income-tax Appellate Tribunal for the opinion of this court is :'Whether, in the circumstances of the case, the losses of Rs. 26,843 in respect of the assessment … gains referred to in sub-section (1) of section 4 computed in the manner laid down in this Act. This definition very clearly shows that total