LAWS(MPH)-1982-7-1

COMMISSIONER OF INCOME TAX Vs. MANGAL BROTHERS

Decided On July 22, 1982
COMMISSIONER OF INCOME-TAX Appellant
V/S
MANGAL BROTHERS Respondents

JUDGEMENT

(1.) BY this reference under Section 256(1) of the I.T. Act, 1961 (hereinafter referred to as "the Act"), the Income-tax Appellate Tribunal, Indore Bench, has referred the following question of law to this court for its opinion :

(2.) THE material facts giving rise to this reference, as set out in the statement of the case, briefly are as follows:

(3.) FOR all these reasons, our answer to the question referred to this court is in the affirmative and against the Revenue.