Judicial Indiscipline
Last updated: 01 February 2009
Court :
MADRAS HIGH COURT
Brief :
Swamiji in jail - His income cannot be treated as income of TRUST - amounts which have 'come in' are income - the amounts received by the writ petitioner constituted income since it was profits and gains arising out of his vocation, profession or business. It is for the assessee to show that these receipts received by him are exempt from tax.
Citation :
Swami Premananda Vs CIT (Dated: December 16, 2008)
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Arbind Aggarwal
Published in Income Tax
Views : 1065
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