1988 (12) TMI 111

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..... the Income-tax Act, 1961 (hereinafter referred to as "the Act"), the Incometax Appellate Tribunal, Nagpur Bench, has referred the following question of law to this court for its opinion : "Whether, on the facts and in the circumstances of the case, the Tribunal was justified in holding that the entire income from the palace of the assessee who is the former Ruler of Bastar is exempt from income-t .....

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..... ime of hearing, learned counsel for the Revenue conceded that the matter arising in this case was covered by the decision of this court in CIT v. Bharatchandra Banjdeo [1985] 154 ITR 236. In that case, dealing with the case of the assessee arising out of his assessment for the assessment years 1975-76 and 1976-77, it was held that the Tribunal was justified in law in holding that the entire income .....

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