Taxable Income Determination: Accretion content of Rs. 8,951 taxed for 1971-72 assessment year.

The High Court of Bombay held that the 'accretion content' of Rs. 8,951 is taxable as income for the assessment year 1971-72, following the precedent set in CIT v. Scindia Workshop Ltd. [1979] 119 ITR 526. Judge S. P. Bharucha delivered the judgment, and no costs were awarded.

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The High Court of Bombay ruled that the 'accretion content' of Rs. 8,951 is assessable as income for the assessment year 1971-72. The judgment was delivered by Judge S. P. Bharucha. The case was compared to CIT v. Scindia Workshop Ltd. [1979] 119 ITR 526. No costs were awarded.

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