REGENT COMPUTRONICS PVT. LTD.

COMMISSIONER OF INCOME-TAX Appellant

V/S

ARVIND INVESTMENTS LTD. Respondents

Referred Judgements :-

DUCK V. PITT [REFERRED TO]
LIDDY V. KENNEDY [REFERRED TO]
ISLE OF WIGHT RAILWAY CO. V. TAHOURDIN [REFERRED TO]
PERSHAD SINGH V. RAM PERTAB ROY [REFERRED TO]
MOOLER V. NORTH EASTERN BREWERIES [REFERRED TO]
KESHAV V. JAIRAM [REFERRED TO]
COOKE V. FARRAND [REFERRED TO]
VEERAPPA SHIDDALINGAPPA VIRUPATHI V. STATE OF MYSORE [REFERRED TO]
VEERASWAMY V. STATE OF ANDHRA PRADESH [REFERRED TO]
CHIEF INSPECTOR OF MINES VS. KARAM CHAND THAPAR [REFERRED TO]

(1.) The Tribunal has referred the following questions of law under Section 256(1) of the Income-tax Act, 1961, to this court:

(2.) In this proceeding, the assessment year involved is 1977-78 for which the relevant year of account is the year which ended on March 31, 1977.

(3.) The facts found by the Tribunal narrated in the statement of case are as under ;