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1997 (9) TMI 52 - HC - Income Tax
Extract:
.......o. 29 of 1990 (CIT v. Gulabrai and Sons). Since the matter is being remanded back to the Assessing Officer to make enquiry, therefore, we need not express any opinion. For the reasons stated above, the view taken by the Tribunal does not appear to be correct. Hence, we answer the aforesaid question in favour of the Revenue and against the assessee.