COMMISIONER OF INCOME TAX Vs. M L MAHAJAN

JUDGEMENT

(1.) The question that arises in these transferred cases reads thus :

(2.) It is not in dispute that the question must now be answered in the negative and in favour of the Revenue in the light of the judgment of this Court in Singhai Rakesh Kumar v. Union of india and others (2001 (1) SCC 364).

(3.) The references are allowed accordingly and the transferred cases disposed of.