1987 (3) TMI 514

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....rat Revenue Tribunal and the High Court we are of the opinion that the view taken by the High Court which is a plausible view cannot be faulted. We see no good reason to unsettle the law which has been settled by the High Court as early as in 1973. We accordingly confirm the decision of the High Court subject to modification to the following extents :- The High Court has directed the parties to a....