Vs.
EmailAppeal:
Petitioner:
Respondent:
Apeal:
Judges: J.S. VERMA, S.P. BHARUCHA & MRS. SUJATA V. MANOHAR, JJ.
Date of Judgment: Feb 13, 1996
Head Note:
WORDS AND PHRASES
Fund’ – No systematic accumulation of cash or any separation of assets to meet future tax liabilities – Only an accounting entry of an exact sum being earmarked for payment of tax liability – Held that such a provision cannot be considered as a fund.
JUDGEMENT:
