https://www.taxtmi.com/caselaws?id=288073 The court upheld the taxation of cash credits of Rs. 90,000 for the assessment year 1962-63 in favor of the Revenue. For the assessment year 1963-64, the court partially upheld the taxation of cash credits of Rs. 91,000, directing a re-examination of the cases of Rukmani Devi and Sarda Devi. The final judgment favored the Revenue for 1962-63 and was partly in favor of the Department and partly in favor of the assessee for 1963-64, with a directive for re-examination, and no costs were awarded in either case. en-us Mon, 02 Apr 1979 00:00:00 +0530 Mon, 18 May 2020 09:49:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288073 The court upheld the taxation of cash credits of Rs. 90,000 for the assessment year 1962-63 in favor of the Revenue. For the assessment year 1963-64, the court partially upheld the taxation of cash credits of Rs. 91,000, directing a re-examination of the cases of Rukmani Devi and Sarda Devi. The final judgment favored the Revenue for 1962-63 and was partly in favor of the Department and partly in favor of the assessee for 1963-64, with a directive for re-examination, and no costs were awarded in either case. Case-Laws Income Tax Mon, 02 Apr 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288073