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Petitioner: COMMISSIONER OF INCOME-TAX VS Respondent: INDIAN TELEPHONE INDUSTRIES LTD. , . (
Court Name: Supreme Court of India Judge(s): T.K. Thommen, Kuldip Singh, Fathima Beevi Title: COMMISSIONER OF INCOME-TAX vs INDIAN TELEPHONE INDUSTRIES LTD. , . ( Case No.: Civil Appeals Nos. 3306 to 3308 of 1984 Cases Nos. 89 to 91 of 1977 Date of Judgment:1990-07-13 Reported As: 1992 PTD 306 Result: Appeals allowed
Judgment ORDER ' These appeals by the revenue are against the judgment of the Karnataka High Court in C.I.T. v. Indian Telephone Industries Ltd. (1980) 126 ITR 548. In view of the subsequent amendment of section 35 of the Income-tax Act with retrospective operation, the appeals have to be allowed. We do so.