1996 (7) TMI 81 - HC - Income Tax

Summary

The High Court of Gauhati delivered a judgment in response to questions referred by the Income-tax Appellate Tribunal. The court answered questions 1, 3, 4, 5, 6, and 7 in favor of the Revenue and against the assessee, and question 2 in favor of the Revenue and against the assessee. The judgment was based on a previous decision of the court in Tarajan Tea Co. Pvt. Ltd. v. CIT [1994] 205 ITR 45; [1993] Suppl. 1 GLR 98.