https://www.taxtmi.com/caselaws?id=25799 The Madhya Pradesh High Court answered the reframed income-tax reference against the assessee and in favour of the Revenue. The Court adopted the reasons given in the connected reference decided the same day and recorded that the answer to the question was in the negative. The reference was thus conclusively disposed of adversely to the assessee, with the parties left to bear their own costs. en-us Wed, 16 Jul 1986 00:00:00 +0530 Mon, 01 Feb 2010 10:18:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25799 The Madhya Pradesh High Court answered the reframed income-tax reference against the assessee and in favour of the Revenue. The Court adopted the reasons given in the connected reference decided the same day and recorded that the answer to the question was in the negative. The reference was thus conclusively disposed of adversely to the assessee, with the parties left to bear their own costs. Case-Laws Income Tax Wed, 16 Jul 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25799