LAWS(DLH)-1971-9-7

COMMISSIONER OF INCOME TAX Vs. GOODWILL PICTURE LIMITED

Decided On September 06, 1971
COMMISSIONER OF INCOME TAX Appellant
V/S
GOODWILL PICTURE LIMITED, DELHI Respondents

JUDGEMENT

(1.) This reference arises Out of an order made by the Income-Tax Appellate Tribunal, Delhi Bench on 27th September, 1960. The assessment year is 1951-52 for which She accounting year is the financial year ending on 31st March, 1951

(2.) The respondent who will hereafter be described as the assessee is a company. The question referred to this Court is :--

(3.) The circumstances in which the case has been placed before the Full Bench arc as follows:-