RELIANCE TRADING CORPORATION Vs. ITO

JUDGEMENT

(1.) All these appeals were admitted on the following questions of law:-

(2.) And vide order dated 21.07.2003, the appeals were referred to a Larger Bench for decision of the questions of law.

(3.) A Larger Bench after elaborate discussion, vide order dated 01.05.2015 has answered the questions of law as under:-