1998 (2) TMI 122

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....<br>Income Tax<br>B. N. KIRPAL AND A. P. MISRA JJ. JUDGMENT In the instant case the High Court followed its earlier decision in the case of V. Devaki Ammal v. ASST. CED [1973] 91 ITR 24 (Mad), in wh....

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.... ITR 395 (SC), the view of the High Court was reversed and it was held that section 34(1)(c) of the Act was valid. This being so, the decision of the High Court in the present case has to be set aside....