CAPITAL OR REVENUE RECEIPTS


Last updated: 20 October 2008

Court :
SUPREME COURT

Brief :
Whether compulsory deduction made by sugar cooperative societies on account of non-refundable and refundable deposits and other funds are revenue receipts liable to be taxed under the Income Tax Act.

Citation :
Siddheshwar Sahakari Sakhar Kaarkhana Ltd. Vs. C.I.T (2004) 270 ITR 1 (SC)

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