Distinction between 'capital' and "Revenue' is made based on.
A. Separate Act passed by government, and Tribunals.
B. Definition of the terms given in Income Tax Act 1961.
C. Judicial precedents from courts.
D. None of the above.
Answer:C
Distinction between 'capital' and "Revenue' is made based on.
A. Separate Act passed by government, and Tribunals. B. Definition of the terms given in Income Tax Act 1961. C. Judicial precedents from courts. D. None of the above.