https://www.taxtmi.com/caselaws?id=23903 The court ruled in favor of the assessee, holding that professional receipts received after discontinuance of the profession were not taxable under section 176(4) of the Income-tax Act, 1961. The court emphasized that the legal fiction created by the section does not extend to deem such receipts as income from the profession carried on during the relevant year, citing precedents that caution against stretching legal fictions beyond their intended purpose. en-us Tue, 04 Jul 1989 00:00:00 +0530 Fri, 15 Jan 2010 11:39:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23903 The court ruled in favor of the assessee, holding that professional receipts received after discontinuance of the profession were not taxable under section 176(4) of the Income-tax Act, 1961. The court emphasized that the legal fiction created by the section does not extend to deem such receipts as income from the profession carried on during the relevant year, citing precedents that caution against stretching legal fictions beyond their intended purpose. Case-Laws Income Tax Tue, 04 Jul 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23903