1998 (4) TMI 2

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..... nstance of the Revenue in so far as it relates to the assessment of the income of the assessee for the assessment year 1980-81 under section 256(1) of the Income-tax Act reads as under: "Whether, on the facts and in the circumstances of the case, the assessee is entitled to relief under section 32A and deduction under section 80HH of the Income-tax Act, 1961, in respect of its income from the pro .....

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..... 0 (Mad)) would govern the facts of the present case as well. Following the said judgment of this court in T. C. Nos. 369 and 370 of 1987, dated April 28, 1998 (CIT v. George Maijo [2001] 250 ITR 440 (Mad)), the question of law referred to us is answered in the negative and in favour of the Revenue. However, in the circumstances, there will be no order as to costs.
Case laws, Decisions, Judgem .....

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