1996 (11) TMI 45

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..... HARWAL JUDGMENT In respect of the assessment year 1974-75, at the instance of the Revenue, the following two questions have been referred for the opinion of this court : " 1. Whether, on the facts and in the circumstances of the case, the Tribunal was correct in law in holding that the lease money received by the assessee during the assessment year 1974-75 was assessable under section 28 and n .....

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..... ct. The case of the assessee pertaining to the assessment year 1971-72 is the subject-matter of a decision of this court in CIT v. Northern India Iron and Steel Co. Ltd. [1995] 211 ITR 370 one of us (D. K. Jain J.), was a member of the Bench deciding the said case. Following that decision, question No. 1 is answered in the affirmative in favour of the assessee and against the Revenue. Question No .....

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