2007 (7) TMI 672

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Income Tax
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MADAN B. LOKUR AND V.B. GUPTA, JJ. Mrs. P.L. Bansal for the Petitioner. JUDGMENT 1. In this reference under section 256(1) of the Income-tax Act, 1961 the following questi .....

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..... w of the decision of the Supreme Court in CIT v. P.J. Chemicals Ltd. [1994] 210 ITR 8301, the question is required to be answered in the affirmative, in favour of the assessee and against the revenue. .....

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