CIT Vs. DHAMPUR SUGAR MILLS LIMITED

JUDGEMENT

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

(2.) The reference relates to years 1983-84 to 1986-87.

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