S.C : In view of the decision of this Court in Sunil Siddharthbhai vs. CIT (1985) 49 CTR (SC) 172 : (1985) 156 ITR 509 (SC), the first question referred to the High Court, as mentioned in the order of the High Court under appeal, is answered in favour of the assessee and in the affirmative.

Supreme Court Of India

Dhirajben R. Amin & Anr. vs. CIT & Anr.

Sections 45, 48

Sabyasachi Mukharji & S. Ranganathan

Civil Appeal No. 413 of 1985

22nd August, 1988

Counsel Appeared

K.H. Kaji with him Kailash Vasdev, for the Appellants : S.C. Manchanda with him Miss A. Subhashini, for the Respondents

BY THE COURT :

In view of the decision of this Court in Sunil Siddharthbhai vs. CIT (1985) 49 CTR (SC) 172 : (1985) 156 ITR 509 (SC), the first question referred to the High Court, as mentioned in the order of the High Court under appeal, is answered in favour of the assessee and in the affirmative. The appeal is accordingly allowed.

There will be no order as to costs.

[Citation : 174 ITR 307]

Malcare WordPress Security