In Taxc/25/2010 Of Assistant Commissioner Of Income Tax v. Rajendra Kumar Jain Pros, the High Court (2009) decided the matter.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
IN THE HIGH COURT OF JUDICATURE CHIIATTISGARHAT BILASPUR
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Income Tax Appeal No.(REZKC/
i[Assistant][ Commissioner][ of][ Income][ Tax]2 Bhilai.
Respondent
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Jewellersl/[Raj][ endra][ Kumar][ Jain][ Prop.][ Saheli]Sgpela,[Bhilai.]
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Income Tax appeal[u/s][ 260][ A‘oilxncome][ Tax][ Act][ 1961]
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