1992 (1) TMI 40 - GUJARAT HIGH COURT

Extract:
.......of the Act. In our opinion, the Tribunal was right in holding that the said amount of Rs. 1,81,427 was not chargeable to income-tax in the assessment year 1974-75. In the light of the above discussion, both the questions referred to us are answered in the affirmative and against the Revenue. Reference answered accordingly with no order as to costs.