LAWS(GJH)-2007-10-206

STATE OF GUJARAT Vs. RABARI PIRABHAI KALYANBHAI

Decided On October 17, 2007
STATE OF GUJARAT Appellant
V/S
RABARI PIRABHAI KALYANBHAI Respondents

JUDGEMENT

(1.) This reference in fact encompasses two cross references : one by the assessee (R.A. No.381/AHD/1993), and another by the Revenue (R.A. No.413 and 414/AHD/1993).

(2.) The question, at the instance of the assessee, has been referred by Income Tax Appellate Tribunal, Ahmedabad Bench 'B' under Section 256(1) of the Income-tax Act, 1961 (the Act):

(3.) The said reference is for Assessment Year 1978-79, the relevant accounting period being year ended on 30.06.1977.