LAWS(BOM)-2001-2-35

CADELL WEAVING MILL CO P LTD Vs. CIT

Decided On February 06, 2001
Cadell Weaving Mill Co P Ltd Appellant
V/S
CIT Respondents

JUDGEMENT

(1.) The following question of law was referred to the Special Bench of the Income-tax Appellate Tribunal (Bombay)(page 55) :

(2.) The above question was answered against the assessee. Hence, the assessee-Cadell Weaving Mill Co. P. Ltd. has come by way of Income-tax Reference No. 123 of 1996. The above question is also raised in conjoint matters. Hence, by this common judgment, all the above matters are disposed of.

(3.) Facts :