LAWS(CAL)-1990-6-27

ALLAHABAD BANK Vs. COMMISSIONER OF INCOME TAX

Decided On June 26, 1990
ALLAHABAD BANK Appellant
V/S
COMMISSIONER OF INCOME-TAX Respondents

JUDGEMENT

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

(2.) The assessment years involved in this case are the assessment years 1973 74 and 1974 75 for which the relevant periods of account are the calendar years ending on December 31, 1972, and December 31, 1973, respectively.

(3.) The relevant facts of this case are as follows :