CA. Niranjan Kumar (Student) (276 Points)
13 March 2013Dear
pls let me know that what is the appropriate head of income referred u/s 68, 69, 69A to 69D? Some one told me that it is not in any particular head. It is added in total income without referring any head. is he right?
Thank you very much
Niranjan
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 13 March 2013
it shud be added to income from other sources
CA. Niranjan Kumar
(Student)
(276 Points)
Replied 13 March 2013
But in Fakir Mohd. Haji Hassan vs. CIT (2003-TIOL-243-HC-AHM-IT) - it was decided by Gujrat HC that the income added u/s 68, 69, etc is taxable under itself without assigning any head.
CAclubindia
