I.T.AS. NOS. 4811/LB AND 4810/LB OF 1980-81, DECIDED ON 11TH FEBRUARY, 1988. versus I.T.AS. NOS. 4811/LB AND 4810/LB OF 1980-81, DECIDED ON 11TH FEBRUARY, 1988.
Sections 4 (3) (vii), 4 (2 C), 4 (2 E) and 2 (6 C) provide receipts for casual and non-recurring nature when assessing the nature of the invoice and its source. Was not satisfactorily explained by the plaintiff, the examiner can legitimately imagine that the money under consideration was income from an unknown source, the receipt of which was naturally comfortable and imbalanced. The exemption could not be granted and was considered to be taxable income such as absence of prior approval from the IAC through ITO for an increase under sections 4 (2C) and 4 (3R) of the Income Tax Act, 1922
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