COMMISSIONER OF INCOME TAX Vs. FRIENDS AND CO

JUDGEMENT

(1.) THE High Court in the order under challenge answered the two questions set out below in favour of the assessee and against the revenue

(2.) THE revenue is in appeal by special leave The questions now stand concluded by the decision of this Court in Motilal Chunnilal (Tak) v. CIT 1997 SC 1670 (SC). Following the said decision, the appeal is allowed and the order under appeal is set aside No order as to costs.