INCOME TAX OFFICER Vs. VAIBHAV TEXTILES

JUDGEMENT

(1.) THIS appeal has been admitted in terms of the following question :

(2.) THE assessee-firm filed its return for the assessment year 1990-91 and declared a total income of Rs. 20,339 only.

(3.) IN the case of Anil Exports v. ITO, the facts and conditions regarding clearance have been set out in para. 8, which reads as under :