COMMISSIONER OF INCOME TAX Vs. BRAHAM DUTT BHARGAVA

JUDGEMENT

(1.) THIS is a reference by the Income-tax Appellate Tribunal (Delhi Bench) under section 66 (1) of the Indian Income-tax Act. The question of law which has been set out by the Tribunal for determination of this court is as follows :

(2.) IN order to appreciate the point which is involved in the present case, it would be proper to state here briefly the facts our of which the question has arisen.

(3.) MOREOVER, as pointed out above, the language of clause (7) does not justify such an inference. There is thus no force in this contention and it is fit to be dismissed.