2000 (8) TMI 49

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..... -The above tax case is at the instance of the Commissioner of Income-tax, Tamil Nadu-I, Madras, under section 256(2) of the Income-tax Act, 1961, as the Income-tax Appellate Tribunal has stated the case and referred the following questions of law for the assessment year 1976-77 : "(1) Whether, on the facts and in the circumstances of the case, the Appellate Tribunal was correct in law in holding .....

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..... . Bharat Overseas Bank Ltd. [2000] 242 ITR 314, and this question may also be answered in the affirmative and against the Revenue. In view of the Above submissions and for the reasons mentioned in the decision cited supra, both the questions of law referred to us are answered in the affirmative and against the Revenue. The tax case is disposed of accordingly. No costs.
Case laws, Decisions, .....

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