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2002 (1) TMI 40 - GUJARAT HIGH COURT
Extract:
.......aving regard to the view which we have taken in relation to the applicability of the provision of Explanation 3 to section 43(1) of the Act. The question referred to us is therefore answered in the affirmative, i.e., in favour of the assessee and against the Revenue. The reference stands disposed of accordingly. There shall be no order as to costs.