Supreme Court Upholds Revenue Assessment in Income Tax Case Concerning Payment in Lieu of Notice. Amount Paid as Salary for Twelve Months Under Service Contract Held Taxable as Revenue Receipt Under Section 7 of Indian Income-tax Act, 1922....
The appeal arose from an income tax reference under Section 66(1) of the Indian Income-tax Act, 1922, against a judgment of the Patna High Court. The assessee, V.D. Talwar, later deceased and represen...




