(1.) BOTH the reference applications involve a common question of law ; therefore, they are disposed of by this common judgment.
(2.) THIS is an income-tax reference under Section 256(1) of the Income-tax Act, 1961 (hereinafter referred to as "the I. T. Act"), at the instance of the Revenue and the following question of law has been referred by the Tribunal for answer of this court, which reads as under :
(3.) AGGRIEVED against the order of the Commissioner of Income-tax (Appeals), the assessee preferred second appeal before the Tribunal, which allowed the claim of Rs. 52,589 of the assessee. Hence, the Revenue has moved an application before the Tribunal for making a reference and, accordingly, the aforesaid question of law has been referred by the Tribunal for answer of this court.