B. Palaniswami vs Commissioner Of Income-Tax on 25 April, 2001
1. In respect of the same assessee, for assessment years 1976-77 and 1978-79, a question similar to the one now referred was considered by this court in T. C. Nos. 509 and 510 of 1984--B. Palaniswamy v. CIT [1997] 225 ITR 432. By the decision of the Division Bench, dated March 14, 1996, that question was answered in favour of the assessee and against the Revenue.