LAWS(APH)-1975-12-18

ADDITIONAL COMMISSIONER OF INCOME TAX Vs. MEDISETTY RAMARAO

Decided On December 26, 1975
ADDL. COMMISSIONER OF INCOME-TAX Appellant
V/S
MEDISETTY RAMARAO Respondents

JUDGEMENT

(1.) THE Income-tax Appellate Tribunal has posed the following question for our consideration :

(2.) IN order to appreciate the question, it is necessary to relate certain relevant facts which are these :

(3.) SECTION 271(1)(c)(iii) so far as it is relevant for purposes of this case reads: