2000 (6) TMI 3

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....ed by the Revenue Department by raising the following question: "Whether, on the facts and circumstances of the case, the learned Tribunal was justified in law in holding that the assessee's claim under section 35CCA of the Income-tax Act, 1961, is allowable even though the approval of the society had been withdrawn with retrospective effect?" We have heard Mr. Agarwal, learned counsel appea....

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....reme Court in the case of State of Maharashtra v. Suresh Trading Company [1998] 109 STC 439, we are unable to apply the principles laid down by the aforesaid Division Bench of this court. In the aforesaid decision of the Supreme Court, it was held that a purchasing dealer was entitled by law to rely upon the certificate of registration of the selling dealer and to act upon it. The Supreme Court fu....