2007 (10) TMI 245

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....u and Co., for the respondent JUDGMENT The judgment of the court was delivered by J. P. Devadhar J.— In this cross-reference the Income-tax Appellate Tribunal has forwarded two questions of law raised by the Revenue and one question of law raised by the assessee for the opinion of this court. The said questions relating to the assessment years 1978-79 and 1979-80 reads as under : Que....

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.... in the assessment for 1979-80 as income derived from extraction of silver from hypo solution after processing the film by making an estimate under the proviso to section 145 of the Income-tax Act, on the facts and in the circumstances of the case ?" 2.  As regards the two questions forwarded at the instance of the Revenue, Mr. Sahadevan, learned counsel appearing on behalf of the Revenue ....