LAWS(SC)-2000-3-120

COMMISSIONER OF INCOME TAX Vs. MAHEBDRA MILLS

Decided On March 15, 2000
COMMISSIONER OF INCOME TAX Appellant
V/S
MAHENDRA MILLS Respondents

JUDGEMENT

(1.) A common question of law arises in these appeals. It is:

(2.) The question was referred at the instance of Revenue to the High Court by the Income-Tax Appellate Tribunal ('Tribunal' for short) for its opinion and answered in affirmative in favour of the assessee and against the Revenue.

(3.) The question has been answered differently by various High Courts one in favour of the assessee and the other in favour of the Revenue.