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of <h1>Ruling: Revenue wins on Q1 & Q2, assessee on Q3, Q4 based on SC decision. Reference disposed, no costs.</h1> The Bombay HC ruled in favor of the Revenue for questions 1 and 2, and in favor of the assessee for question 3. Question 4 was decided in favor of the ... - The Bombay High Court addressed various questions regarding IT Act provisions. The court ruled in favor of the Revenue for questions 1 and 2, and in favor of the assessee for question 3. Question 4 was decided in favor of the assessee based on a Supreme Court decision. The reference was disposed of with no order as to costs.
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