Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1987 (9) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1987 (9) TMI 20 - HC - Income TaxExtract: .......ason for the conclusion reached by us. We do not find any reason to differ from the view of the Allahabad High Court cited earlier, which appears to be a construction of clause (b) of s. 40. Consequently, the reference is answered against the Revenue and infavour of the assessee by holding that the view taken by the Tribunal is justified. No costs.
|