LAWS(CAL)-1969-6-17

COMMISSIONER OF INCOME TAX Vs. FORT GLOSTER INDUSTRIES LTD

Decided On June 04, 1969
COMMISSIONER OF INCOME-TAX Appellant
V/S
FORT GLOSTER INDUSTRIES LTD. Respondents

JUDGEMENT

(1.) In this reference under Section 66(1) of the Indian Income-tax Act, 1922, the first question referred to this court is as follows:

(2.) This question has to be answered in the negative in view of the Supreme Court judgment in Travancore Titanium Products Ltd. v. Commissioner of Income-tax, .

(3.) The next question runs thus :