2007 (5) TMI 625

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....Mr. S.P.Chahar, Advocates. ORDER VIJENDER JAIN, CHIEF JUSTICE (ORAL) This judgment will dispose of income tax appeal Nos. 695 of 2005, 312, 313, 314, 317, 318, 319, 320, 322, 372, 374, 375, 377, 379, 380 of 2004, 52, 53, 108, 190, 218 to 231, 233 to 243, 351, 352, 353, 355, 356, 357, 361, 362, 363, 364, 365, 570, 572, 574, 575, 576, 577, 578, 579 and 581 of 2005, 483, 38, 73, 74, 109, 283, 2....

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....ally noticed the judgment of Karnataka High Court in case Chief Commissioner of Income Tax and another v. Smt. Shantavva (2004) 267 ITR 67, wherein the amendment inserted to Section 45(5) of the Act had been specifically dealt with and the similar question, as has been raised in these appeals, was decided against the revenue and in favour of the assessee. We have also perused the judgment rendered....