https://www.taxtmi.com/caselaws?id=57641 The Tribunal partially allowed the appeal, determining that the amount remitted by Deutsche Bank to the assessee was not income under section 41(1) or section 28(iv). It permitted the payment of Rs. 96,80,000 to ANZ but disallowed the payment of Rs. 28.40 crores to Reliance Capital and Finance Trust as speculative loss. Other grounds raised by the assessee were dismissed. en-us Tue, 30 Sep 1997 00:00:00 +0530 Sat, 11 Dec 2010 12:48:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57641 The Tribunal partially allowed the appeal, determining that the amount remitted by Deutsche Bank to the assessee was not income under section 41(1) or section 28(iv). It permitted the payment of Rs. 96,80,000 to ANZ but disallowed the payment of Rs. 28.40 crores to Reliance Capital and Finance Trust as speculative loss. Other grounds raised by the assessee were dismissed. Case-Laws Income Tax Tue, 30 Sep 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57641