2010 (8) TMI 702

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..... he negative in favour of the assessee and against the Revenue - ITR NO 179 of 1991 - - - Dated:- 2-8-2010 - DEEPAK MISRA, MANMOHAN, JJ. Judgment: This is a reference under section 256(2) of the Income-tax Act, 1961. Heard Mr. Sanjeev Sabharwal, learned counsel for the appellant and Mr.B. N. Goswami, learned counsel for the respondent. It is fairly statedby Mr. Sanjeev Sabharwal, .....

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..... e adverted to. A Division Bench of the High Court of Bombay in thecase of CIT v. Pithwa Engineering Works [2005] 276 ITR 519 (Bom)in paragraph 6 expressed the view as under (page 520) : This court can very well take judicial notice of the fact that by passage of time money value has gone down, the cost of litigation expenses has gone up, the assessees on the file of the Department have been i .....

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