GANESH RICE MILLS Vs. CIT

JUDGEMENT

(1.) The Income Tax Appellate Tribunal, Allahabad, has 1 referred the following question of law under Section 256(2) of the Income Tax Act, 1961 (hereinafter referred to as "the Act"), for opinion to this Court:

(2.) The reference relates to the assessment year 1984-85.

(3.) Briefly stated, the facts giving rise to the present reference are as follows: