Chief Commissioner Of Income-Tax vs Mysore Sales International Ltd. on 16 March, 1991
2. It is submitted on behalf of the petitioner herein that the Karnataka High Court has taken a different view in Chief CIT v. Mysore Sales International Ltd. [1992] 195 ITR 457 and, therefore, it is necessary to have an authoritative decision of the Supreme Court on this question. Learned counsel took us through the judgment of the Karnataka High Court. We find that a contrary view has been taken by the Karnataka High Court.