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1976 (3) TMI 35 - HC - Income Tax
Extract:
.......herefore, the Tribunal was right in holding that the provisions of section 154 of the Income-tax Act, 1961, could not be invoked in the instant case. We, therefore, answer the question referred to us in the affirmative, that is, against the assessee and in favour of the revenue. The assessee will pay the costs of this reference to the Commissioner.