Navnit Lal Sakar Lal vs Commissioner Of Income Tax on 29 October, 1991
This question has been answered by the High Court - its
decision had been reported as Navnitlal Sakarlal v CIT in
[1978] 125 I.T.R.67 - in the negative and in favour of the
Revenue. The present appeals have bee preferred by the
assessee from the High Court's judgment.