COMMISSIONER OF INCOME TAX Vs. J N BHATIA

JUDGEMENT

(1.) IN pursuance of a direction given by this Court, the Tribunal has referred the following question for the opinion of this Court :

(2.) A similar question had arisen before this Bench in IT Ref. No. 47 of 1985. It has been answered in favour of the Revenue by an order of 21st Nov., 2001 [reported as CIT vs. Dr. (Mrs.) Usha Verma (2002) 172 CTR (P&H) 98-Ed.].