https://www.taxtmi.com/caselaws?id=276545 The court ruled in favor of the department and against the assessee regarding the entitlement to relief under section 25(3) of the Income-tax Act for foreign businesses, as the foreign business was not charged under the 1918 Act. The court upheld the Tribunal's decision that the assessee was not entitled to relief under section 25(3) for rental income from house properties. However, the court sided with the assessee in the taxability of amounts recovered under the Malayan Debtor and Creditor Ordinance in the assessment year 1952-53, following the formula provided in a previous case. en-us Sun, 18 Dec 1960 00:00:00 +0530 Tue, 13 Nov 2018 16:02:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276545 The court ruled in favor of the department and against the assessee regarding the entitlement to relief under section 25(3) of the Income-tax Act for foreign businesses, as the foreign business was not charged under the 1918 Act. The court upheld the Tribunal's decision that the assessee was not entitled to relief under section 25(3) for rental income from house properties. However, the court sided with the assessee in the taxability of amounts recovered under the Malayan Debtor and Creditor Ordinance in the assessment year 1952-53, following the formula provided in a previous case. Case-Laws Income Tax Sun, 18 Dec 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276545