COMMISSIONER OF INCOME TAX Vs. HINDUSTAN COMPUTERS LTD.

JUDGEMENT

(1.) THE Tribunal, Allahabad has referred the following question of law under s. 256(1) of the IT Act, 1961, hereinafter referred to as 'the Act' for opinion to this Court :

(2.) THE present reference relates to the asst. yr. 1985 -86.

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