DALMIA CEMENT LTD. versus COMMISSIONER OF INCOME-TAX
Extracting the Income Income Distribution, November 1962, from the termination of the title contract to sell factories located in Pakistan in July, 1962, which states that profit and loss during the period of 30 period 1962, the completion of the sale agreement. In the case of the buyer. The sale was completed on April 30, 1964, with the profits generated in the accounting years 1915 65 and 1965 66 being diverted to the buyer by title. Section 60 was not applicable in the hands of the Profit Reviewer Indian Income Tax Act, 1961 [Dalmia Cement Limited v CIT (1991) 191 ITR 331 reversed]
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