1987 (1) TMI 4

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... NIVASAN JUDGMENT M. N. CHANDURKAR C. J. -The question referred in this reference at the instance of the Revenue is as follows : "Whether, on the facts and in the circumstances of the case, the A .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... earned counsel for the Revenue and the assessee agree that the question referred has to be answered in the negative and in favour of the Revenue having regard to the decision in CIT v. S. Balasubraman .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X