ABHAY RAM Vs. COMMISSIONER OF INCOME TAX

JUDGEMENT

(1.) THE Tribunal (Delhi Bench 'C' New Delhi) referred the following question for the opinion of this Court :

(2.) ASSESSMENT year relevant in this case is 1976-77 for which the accounting period ended on 30th Sept., 1975. The contention of the assessee is that income having accrued upto 30th Sept., 1975 cannot be brought to tax under S. 64(1)(iii) of the IT Act, 1961, which came into force w.e.f. 1st April, 1976.