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1999 (8) TMI 8 - JAMMU AND KASHMIR HIGH COURT
Extract:
.......hich is perfectly legal and justified. Nothing to the contrary was brought to our notice for taking a contrary view of the matter. In view of the aforesaid discussion as well as in view of the legal position, the question referred under section 256(1) of the Income-tax Act to this court is answered in favour of the assessee and against the Revenue.