https://www.taxtmi.com/caselaws?id=69034 The Tribunal held that the amounts of Rs. 7,65,802 and Rs. 14,316 were taxable in the respective assessment years under the Income Tax Act. The refund of Rs. 7,65,802 in 1983-84 was deemed income of the individual assessee under section 176(3A) as the firm's business was discontinued. In 1984-85, the refund of Rs. 14,316 was taxable under section 41(1) as the same individual paid and received the amount. The Tribunal dismissed both appeals, upholding the taxability of the amounts in question. en-us Fri, 20 Apr 1990 00:00:00 +0530 Mon, 04 Apr 2011 17:03:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69034 The Tribunal held that the amounts of Rs. 7,65,802 and Rs. 14,316 were taxable in the respective assessment years under the Income Tax Act. The refund of Rs. 7,65,802 in 1983-84 was deemed income of the individual assessee under section 176(3A) as the firm's business was discontinued. In 1984-85, the refund of Rs. 14,316 was taxable under section 41(1) as the same individual paid and received the amount. The Tribunal dismissed both appeals, upholding the taxability of the amounts in question. Case-Laws Income Tax Fri, 20 Apr 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69034