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2000 (7) TMI 38 - DELHI HIGH COURTExtract: .......ectly dealt with and adjudicated upon by the apex court in J. M. Bhatia, AAC of W. T. v. J. M. Shah 1985 156 ITR 474, wherein it was held that section 35 had application. Following the ratio of the said decision, we answer the question in the affirmative, in favour of the Revenue and against the assessee. The reference applications are disposed of.
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