1976 (11) TMI 7

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....which rule has been obtained by the CIT runs thus : " Whether, on the facts and in the circumstances of the case and in law, the Appellate Tribunal was justified in applying the decision of the Bombay High Court in the case of New Great Insurance Co. Ltd. [1973] 90 ITR 348 to the assessment year in question without considering the effect of the amendment operative from April 1, 1968, and in thu....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....stion seems to be finally concluded by the decision of the Supreme Court in the case of CIT v. South Indian Bank Ltd. [1966] 59 ITR 763 as also the decision in CIT v. Industrial Investment Trust Co. Ltd. [1968] 67 ITR 436 (Bom). Mr. Joshi, however, urged before us that the question as framed in respect of which the rule has been issued can be said to deal with one of the aspects of the legal co....