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TMI Blog2008 (3) TMI 297X X X X Extracts X X X X X X X X Extracts X X X X ..... ding that the transfer to reserve fund cannot be treated as a business expenditure and allowed deduction under section 28/37 of the Income-tax Act, 1961 - 72 of 1997 - - - Dated:- 10-3-2008 - D.A. MEHTA and Z.K. SAIYED JJ. Manish J. Shah for the assessee. Manish R. Bhatt for the Commissioner. JUDGMENT The judgment of the court was delivered by D. A. MEHTA J. - The Income-tax ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hat the issue raised by the two questions is concluded by a judgment rendered today between the same parties in CIT v. Mehsana District Co-op. Milk Producers' Union Ltd. [2008] 307 ITR 83 (Guj)-I.T.R. No.65 of 1997. Hence, for the reasons stated in the judgment of even date rendered in I.T.R. No.65 of 1997, both the questions, at the instance of the assessee, are answered in the affirmative i. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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