VATSALA SHENOY vs. JT.COMMISSIONER OF INCOME TAX

Section 260-A of the Income Tax Act, 1961 (for short, the 'Act') challenging certain aspects of assessments pertaining to the Assessment Year 1995-1996. In fact, as would be noticed hereinafter, Page 3 JUDGMENT 3 all these assessees were partners of a partnership firm known as 'M/s. Mangalore Ganesh Beedi Works', which was sold to three other partners