https://www.taxtmi.com/caselaws?id=49662 The Supreme Court allowed the appeal and remanded the case to the High Court for further consideration. It emphasized the mutual exclusivity of income heads under sections 6, 8, and 10, stating that income from securities should be taxed under section 8. The Court also noted the possibility of setting off the previous year's loss against the current year's income. The appeal costs were to be considered in the reference before the High Court. en-us Thu, 23 May 1957 00:00:00 +0530 Mon, 08 Sep 2014 07:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49662 The Supreme Court allowed the appeal and remanded the case to the High Court for further consideration. It emphasized the mutual exclusivity of income heads under sections 6, 8, and 10, stating that income from securities should be taxed under section 8. The Court also noted the possibility of setting off the previous year's loss against the current year's income. The appeal costs were to be considered in the reference before the High Court. Case-Laws Income Tax Thu, 23 May 1957 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49662