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2003 (6) TMI 13 - HC - Income TaxTax avoidance - "Whether, on the facts and in the circumstances of the case, the Tribunal was right in law in finding that tax was avoided without ascertaining whether there is any revenue loss on account of non-inclusion of the income in question in the assessee's assessment and its inclusion in the assessment of the sister concerns?" - the Tribunal was right when it came to the conclusion that tax was avoided and for coming to the said conclusion it was not necessary for the Tribunal to ascertain whether any loss was caused to the Revenue - we answer the question in the affirmative, that is, in favour of the Revenue and against the assessee.
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