1982 (4) TMI 12 - CALCUTTA HIGH COURT

Extract:
.......re of the opinion that in the facts and circumstances of the case, the Tribunal on this aspect arrived at the correct conclusion. In the premises, the first question must be answered in the affirmative and in favour of the assessee. In the facts and circumstances of the case, each party will pay and bear its own costs. SUHAS CHANDRA SEN J.-I agree.