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1 - 10 of 19 (0.25 seconds)Section 24 in Income Tax Rules, 1962 [Entire Act]
Section 10 in Income Tax Rules, 1962 [Entire Act]
Commissioner Of Income-Tax Bombay vs Chugandas And Co., Bombay on 29 July, 1964
This was affirmed in Commissioner of Income-tax v. Chugandas & Co. The Supreme Court considered the question at some length and took the view that the exemption granted to profits and gains from "business, profession or vocation" was not retracted to profits and gains assessable under section 10 of the Act. Shah. J., speaking for the court, further observed :