THE COMMISSIONER OF vs. THE KARNATAKA STATE
ITA/106/2016HC Karnataka27 Sept 2018
Bench: ABHAY SHREENIWAS OKA (CJ),S.G.PANDIT
Section 11Section 11(2)Section 12Section 143(1)Section 143(2)Section 260
house
property,
interest
on
securities,
capital
gains,
or
other
sources, the word `income’ should be
understood in its commercial sense,
i.e., book income, after adding back any
appropriations or applications thereof
towards the purposes of the trust or
otherwise, and also after adding back
any debits made for capital expenditure
incurred for the purposes of the trust or
otherwise
