SRI HARIRAM HOTELS P LTD vs. COMMISSIONER OF INCOME TAX (III)

Appeal is allowed

Bench: S.SUJATHA,VINEET SARAN

249 ITR 597 (Bom) has held that, even under clause 3(xii)(b) of Part II of 5 Schedule VI to the Companies Act, 1956 (‘Companies Act’, for short), profit or losses in respect of transactions of an exceptional or non-recurring nature are to be disclosed. Thus, held that capital gains should be included for the purpose of computing

SMT. M R PRABHAVATHY vs. THE DEPUTY COMMISSIONER OF INCOME TAX

Bench: The Hon’Ble Mr. Justice K.Natarajan Election Petition No.1 Of 2019 Connected With Election Petition No.2 Of 2019