Revision- A possible view not unsustainable in law cannot be revised

Income Tax Reference No. 113 of 1990 Grasim Industries Ltd. Vs. Commissioner of Income Tax Mr. J.D.Mistry with Mr. Atul K. Jasani for the Applicant. Mr. Abhay Ahuja with Mr.J.S.Saluja for the Respondent. ….. CORAM : DR.D.Y.CHANDRACHUD AND J.P.DEVADHAR, JJ. February 1, 2010. JUDGEMENT  (PER DR. D.Y. CHANDRACHUD, J.) : By an order dated 8th August 1989, passed under Section 256(1) of the Income Tax Act, 1961, the Income Tax Appellate Tribunal has referred the following question of law for the opinion of this Court: “Whether, on the facts and in the circumstances of the case, the Tr...