https://www.taxtmi.com/caselaws?id=56331 The Tribunal ruled in favor of the company, determining that it retained its character as an investment holding company rather than an investment dealing company. The Tribunal held that the profits from the sale of gold bonds were capital accretions and not taxable as business income. Additionally, the Tribunal allowed the company's appeal regarding the disallowance of contributions to provident fund and other schemes. The Tribunal set aside the ITO's substitution of the sale price of gold bonds, ultimately deleting the additions to the company's total income for the relevant assessment years. en-us Wed, 18 Jul 1990 00:00:00 +0530 Sun, 06 Feb 2011 03:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56331 The Tribunal ruled in favor of the company, determining that it retained its character as an investment holding company rather than an investment dealing company. The Tribunal held that the profits from the sale of gold bonds were capital accretions and not taxable as business income. Additionally, the Tribunal allowed the company's appeal regarding the disallowance of contributions to provident fund and other schemes. The Tribunal set aside the ITO's substitution of the sale price of gold bonds, ultimately deleting the additions to the company's total income for the relevant assessment years. Case-Laws Income Tax Wed, 18 Jul 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56331