1982 (2) TMI 28 - BOMBAY HIGH COURT

Extract:
....... the Tribunal was justified in the conclusions at which it arrived. In the result, the questions referred to us are answered as follows Question No. 1 In the affirmative. Question No. 2 In the negative. It is clarified that both the questions are answered in favour of the assessee. The Commissioner to pay the costs of the reference to the assessee.