1996 (2) TMI 12

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..... s justified in law in holding that the said sum was exempt from tax inasmuch as the said sum was paid out of dividends received by the trusts, which were exempt from tax u/s 80K - first question is answered in favour of revenue and second question is remitted back to the High Court
J. S. VERMA. and K. VENKATASWAMI. ORDER Two questions of law arising out of the Tribunal's order were referred u .....

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..... answered the first question in the affirmative in favour of the assessee. As a consequence of its answer to question No. 1, the High Court by the impugned judgment dated March 1, 1978, did not answer question No. 2 stating that the answer to it was not necessary. This appeal by special leave is against that judgment. The decision which was relied on by the High Court in answering the above quoted .....

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