COMMISSIONER OF INCOME TAX Vs. MYSORE MINERALS LIMITED

JUDGEMENT

(1.) THE question referred under section 256(1) of the Income-tax Act, 1961, in respect of the assessment year 1982-83 reads thus :

(2.) THE principle applicable is governed by the ratio of the decision in Shankar Construction Co. v. CIT . In fact, in another case, this court has already considered the applicability of the principle to the case of extraction of granite.