High Court rules in favor of assessee for assessment years 1976-80, overturning Revenue's claims.

The High Court of Madras ruled in favor of the assessee for the assessment year 1979-80, consistent with previous decisions for the assessment years 1976-77 and 1978-79. The judgment favored the assessee over the Revenue.

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The High Court of Madras delivered a judgment in favor of the assessee for assessment year 1979-80, similar to previous cases for assessment years 1976-77 and 1978-79. The question was answered in favor of the assessee against the Revenue. (Case citation: 2001 (4) TMI 21 - MADRAS High Court)

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