1987 (8) TMI 42 - MADHYA PRADESH HIGH COURT - Income Tax

Extract:
.......ies. In view of these findings, the Tribunal, in our opinion, was justified in law in reversing the order passed by the Commissioner of Income-tax. Our answer to the question referred to this court is, therefore, in the affirmative and in favour of the assessee. In the circumstances of the case, parties shall bear their own costs of this reference.