1998 (3) TMI 84 - MADRAS HIGH COURT - Income Tax

Extract:
.......fore cannot at all be stated to be not sustainable, on the facts and in the circumstances of the cases. This question is therefore answered against the assessee and in favour of the Revenue. In fine, these tax cases (reference) are thus disposed of. There shall, however, be no order as to costs, on the facts and in the circumstances of these cases.