BHAIYALAL SHYAM BEHARI Vs. COMMISSIONER OF INCOME TAX

JUDGEMENT

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

(2.) The reference relates to the assessment year 1979-80.

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