MADNANI DEVELOPMENT CORPN. (P) LTD. v. COMMISSIONER OF INCOME-TAX, ORISSA

Citation: [1986] 3 S.C.R. 219

Court: Supreme Court of India

Bench: R.S. PATHAK, SABYASACHI MUKHERJI

Case summary

On a reference being made to the High Court of Orissa at the instance of the Commissioner of Income-tax on the question of law set forth earlier the High Court held that the loss of Rs. The High Court is right in the view taken by it, and the appeal is liable to be dismissed.

Judgment text

On a reference being made to the High Court of Orissa at the instance of the Commissioner of Income-tax on the question of law set forth earlier the High Court held that the loss of Rs. The High Court is right in the view taken by it, and the appeal is liable to be dismissed.