COMMISSIONER OF INCOME TAX Vs. DUNLOP INDIA LTD

JUDGEMENT

(1.) THE following questions of law have been referred to this Court by the Tribunal under s. 256(1) of the IT Act, 1961:

(2.) THE assessment year involved in this reference is the asst. yr. 1975-76 for which the relevant period of account is the year ending on 31st March, 1974.

(3.) THE Second question is also concluded in the assessee's own case in IT Ref. No. 651 of 1990, Judgment delivered on 8th Jan.,1990 and following that decision, the question of law is answered in the negative and in favour of the Revenue.