3 results for “capital gains”+ Section 171clear
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Bench: Sh. Kul Bharat & Sh. Nikhil Choudhary
gains of business but that did not mean that its income from other sources would not be taxed. In that case, the company had chosen not to keep its surplus idle but had decided to invest it fruitfully. The Hon'ble Court held that the fruits of such investment would clearly be of Revenue nature. In other words