1999 (9) TMI 44 - HC - Income Tax

Summary

The High Court of Madras rejected the appeal, stating that the question raised had already been answered against the Revenue in a previous case. The court emphasized that the mere pendency of an appeal does not render the previous judgment ineffective. The court cited Section 260A(5) of the Income-tax Act, which requires the High Court to decide on the question of law formulated. The appeal was rejected without admission for further consideration.