Madhya Pradesh H.C : Whether Tribunal was justified or/and had the jurisdiction to ignore the decisions of High Court rendered in MCC No. 65/1993 decided on 20-8-1996 on the ground that it does not lay down correct principles of law on the issue involved therein

High Court Of Madhya Pradesh, Indore Bench National Textile Corporation Ltd. vs. CIT Assessment Year : 1989-90 Section : 254 A.M. Sapre And Mrs. S.R. Waghmare, JJ. IT Reference No. 4 Of 2005 February 4, 2008 JUDGMENT A.M. Sapre, J. – This is an income-tax reference made by the Tribunal at the instance of assessee…

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