https://www.taxtmi.com/caselaws?id=36179 The court held that the sales tax refund received by the assessee during the assessment year 1971-72 is assessable to income-tax. The provisions of section 41(1) of the Income-tax Act, 1961, are applicable in this case. The court ruled in favor of the revenue and against the assessee, directing the parties to bear their respective costs. en-us Fri, 24 Oct 1980 00:00:00 +0530 Fri, 19 Mar 2010 18:11:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36179 The court held that the sales tax refund received by the assessee during the assessment year 1971-72 is assessable to income-tax. The provisions of section 41(1) of the Income-tax Act, 1961, are applicable in this case. The court ruled in favor of the revenue and against the assessee, directing the parties to bear their respective costs. Case-Laws Income Tax Fri, 24 Oct 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36179