Mesne profits and interest thereon received under direction of the Civil Court is taxable u/s 23(1)

INCOME-TAX: Mesne profits and interest on mesne profits received under direction of Civil Court for unauthorised occupation of immovable property of assessee by Indian Overseas Bank being erstwhile tenant of appellant, was liable to tax under section 23(1), since mesne profits, and interest on mesne profits constituted revenue receiptsINCOME-TAX: Mesne profits and interest on mesne profits received under direction of Civil Court for unauthorised occupation of immovable property of assessee by Indian Overseas Bank being erstwhile tenant of appellant, was liable to tax under section 23(1), since mesne profits, and interest on mesne profits constituted revenue receiptswww.taxmann.com Latest Case LawsRead More

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