GODHRA ELECTRICITY CO. LTD. vs. COMMISSIONER OF INCOME TAX
Real Income Theory as recognized by supreme court in Godhra Electricity Co Ltd Vs CIT. The key observation of the case was as under:
Under the Act income charged to tax is ...
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Posts tagged "Real income theory"
Real income theory & diversion of income by overriding title as explained by Supreme Court
Real income theory & diversion of income by overriding title as explained by Supreme Court
Here is an interesting observation by the Apex court in the case of CIT Vs. Udayan Chinbhai & ors wherein it has held as under:
1.The ...
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