1987 (2) TMI 43 - MADHYA PRADESH HIGH COURT - Income Tax

Extract:
.......holding that the Income-tax Officer had granted exemption after making thorough enquiries about the applicability of section 13(1) of the Act. For all these reasons, our answer to the question referred to this court is in the affirmative and against the Revenue. In the circumstances of the case, parties shall bear their own costs of this reference.