COMMISSIONER OF INCOME TAX TDS vs. M/S MEWAR HOSPITAL PVT LTD
ITA/6/2021HC Rajasthan01 Nov 2022
Bench: SANDEEP MEHTA,KULDEEP MATHUR
For Respondent: THE PRINCIPAL COMMISSIONER OF INCOME TAX
45, it cannot be taxed at all. (See S. G. Mercantile Corporation P. Ltd. v. CIT (1972)
83 1TR 700 (SC).
(17) Furthermore, it would be illogical and against the language of section 56 to
hold that everything that is exempted from capital gains by the statute could be
taxed as a casual or non-recurring receipt under section
