1979 (1) TMI 3 - HC - Income Tax

Summary

The judgment pertains to two cases with identical questions referred to the court. The court considered the questions in T.C. No. 211 of 1975 regarding Income-tax Act exemptions. Questions 1 and 3 were answered affirmatively based on a previous court decision. Question 2 was not considered by the Tribunal and was not raised at any stage, so it was left unanswered. No costs were awarded.