1980 (5) TMI 29 - PUNJAB AND HARYANA HIGH COURT

Extract:
....... The decision of the Bombay High Court in H. M. Kashiparekh and Co. Ltd. s case 1960 39 ITR 706 was noticed, but in spite of that, a different view was taken by them. For the reasons recorded above, we answer the question in the affirmative, in favour of the assessee and against the revenue, but make no order as to costs. B. S. DHILLON J.--I agree.