LAWS(BOM)-1993-2-50

INAROO LIMITED Vs. COMMISSIONER OF INCOME TAX

Decided On February 12, 1993
INAROO LTD. Appellant
V/S
COMMISSIONER OF INCOME TAX Respondents

JUDGEMENT

(1.) THESE are two cross references under S. 256(1) of the IT Act, 1961 ('the Act'). The questions referred to us at the instance of the assessee are as under :

(2.) THE following question is also referred to us at the instance of the Revenue :

(3.) AS regards question No. 1 referred to us at the instance of the assessee, we are of the opinion that in view of the smallness of the amount involved, it is not necessary to answer the same.