1958 (3) TMI 58 - BOMBAY HIGH COURT

Extract:
.......If it was open to the Income-tax Officer to come to a different conclusion, clearly equally it was open to the Tribunal to come to a different conclusion on this point. The result is that the assessee must succeed and we must answer the question, as we have reframed, in the affirmative. Commissioner to pay the costs. Reference answered accordingly.