1996 (2) TMI 11

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..... s under section 164 of the Income-tax Act, 1961, and not in the hands of the assessee - Held, no - - - - - Dated:- 7-2-1996 - Commissioner of Income-Tax Versus Dr. Anand Sarabhai Trust Commissioner of Income Tax Versus Executors And Trustees of Estate of Dr. Vikram Sarabhai B. P. JEEVAN REDDY. and S. B. MAJMUDAR. ORDER Both these appeals are preferred by the Revenue against the j .....

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..... were exempt under section 80K of the Income-tax Act, 1961 ?" The first question was answered by the High Court in the affirmative, i.e., in favour of the assessee and against the Revenue. It is, however, agreed now before us by counsel for both the parties that the judgment of the High Court has to be reversed following the decision of this court in CIT v. Kamalini Khatau [1994] 209 ITR 101. Ac .....

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