1996 (2) TMI 11

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... Vikram Sarabhai B. P. JEEVAN REDDY. and S. B. MAJMUDAR. ORDER Both these appeals are preferred by the Revenue against the judgment and order of the Gujarat High Court. The questions referred in both these appeals are identical. They read as follows : " (1) Whether, on the facts and in the circumstances of the case, the Income-tax Appellate Tribunal was right in law in holding tha....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... that the judgment of the High Court has to be reversed following the decision of this court in CIT v. Kamalini Khatau [1994] 209 ITR 101. Accordingly, the first question is answered in the negative, i.e., in favour of the Revenue and against the assessee. So far as the second question is concerned, the High Court has declined to answer that question in view of its answer to question No.1. Inas....