1992 (4) TMI 29 - BOMBAY HIGH COURT

Extract:
.......irmative and in favour of the assessee. Similarly, in Income-tax Reference No. 45 of 1977, the question which is before us is answered in the affirmative and in favour of the assessee. In the circumstances, there will be no order as to costs. The proceedings may, accordingly, be placed before the Tribunal for its decision in the light of the above.