1997 (4) TMI 38 - HC - Income Tax

Extract:
.......we answer the questions of law referred to us as under (i) The first question of law in the affirmative and against the Revenue. (ii) The second question of law in the affirmative and against the Revenue. (iii) The third question of law in the negative and in favour of the Revenue. In view of the divided success, there will be no order as to costs.