https://www.taxtmi.com/caselaws?id=22188 The court held in favor of the assessee, ruling that the surplus realized did not constitute business profits. As a result, the court did not address the issue of levy of interest under section 215, as the reduction of income to nil rendered the interest question moot. No costs were awarded in the final judgment. en-us Wed, 03 Apr 1991 00:00:00 +0530 Mon, 07 Dec 2009 18:40:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22188 The court held in favor of the assessee, ruling that the surplus realized did not constitute business profits. As a result, the court did not address the issue of levy of interest under section 215, as the reduction of income to nil rendered the interest question moot. No costs were awarded in the final judgment. Case-Laws Income Tax Wed, 03 Apr 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22188