COMMISSIONER OF INCOME TAX Vs. AGRICULTURAL FARMS LIMITED

JUDGEMENT

(1.) THE question of law referred for the opinion of this court at the instance of the Revenue relating to the assessment of the income of the assessee for its assessment year 1976-77 is as hereunder :

(2.) THOUGH the question of law framed at the instance of the Revenue seems to suggest that the finding of the Appellate Tribunal that the assessee was maintaining the sales tax account on mercantile basis is not sustainable in law in view of the corrigendum issued by it, the real issue that arises for consideration is, whether the assessee is entitled to get deduction of certain, amount of the sales tax liability.

(3.) THE Appellate Tribunal subsequently issued a corrigendum on April 30, 1982, to its earlier order wherein it passed the following order :