COMMISSIONER OF INCOME-TAX Vs. MODI PAN LTD

JUDGEMENT

(1.) HAVING heard, learned counsel for the parties, we are of the opinion that the following question is a question of law arising out of the appellate order of the Tribunal :

(2.) THE application is accordingly allowed and the Income-tax Appellate Tribunal, Delhi Bench, New Delhi, is directed to draw up a statement of the case and refer the aforesaid question of law to this court for its opinion. THEre shall be no order as to costs.