A two-judge bench of the Supreme Court comprising Justice R F Nariman and Justice Sanjiv Khanna held that the deposits collected by a finance company are capital receipts and not revenue receipts. The bench also held that the primary liability and onus is on the Dept to prove that a certain receipt is liable to […]
The post Deposits collected by Finance Company are Capital Receipts: Supreme Court [Read Judgment] appeared first on Taxscan | Simplifying Tax Laws.
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