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Commissioner Of Income Tax And Ors. vs N. Ramanatha Reddiar (Huf) And Ors. on 26 September, 1996

5. Before ld CIT(A), the assessee reiterated its submission that since the dispute was pending before Hon'ble Allahabad High Court, no income could accrue to assessee. The assessee further pointed out that the decision of the Hon'ble Supreme Court in the case of CIT Vs. Ghanshyam (HUF) (2009) 224 CTR (SC) 522 was not applicable in assessee's case because in the said judgment Hon'ble Supreme Court while dealing with the taxability of enhanced compensation, observed as under:-
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