1995 (12) TMI 13 - Income Tax

Extract:
.......he Orissa and the Gujarat High Court, in our opinion, go counter to the ratio of the decision of the Supreme Court in Loka Shikshana Trust s case 1975 101 ITR 234. In view of the above, we answer the question referred to us in the negative and in favour of the Revenue. In the facts and circumstances of the case, there shall be no order as to costs.