LAWS(ALL)-1990-11-2

LEELA MOVIES Vs. COMMISSIONER OF INCOME TAX

Decided On November 26, 1990
LEELA MOVIES Appellant
V/S
COMMISSIONER OF INCOME-TAX Respondents

JUDGEMENT

(1.) THE question referred under Section 256(1) of the Income-tax Act, 1961, reads as follows :

(2.) AN identical question was answered in favour of the assessee by a Bench of this court in S. K. Tulsi and Sons v. CIT [ 1991 ] 187 ITR 685.