1982 (7) TMI 34 - BOMBAY HIGH COURT

Extract:
.......have said earlier, questions are answered as follows Question No. 1 In the affirmative and against the assessee. Question No. 2 In the affirmative and in favour of the assessee. Question No. 3 In the negative and in favour of the Revenue. Questions Nos. 4, 5 and 6 In the affirmative and in favour of the assessee. There will be no order as to costs.