UCO BANK Vs. COMMISSIONER OF INCOME TAX

JUDGEMENT

(1.) IN this reference under S. 256(1) of the IT Act, 1961, for the asst. yrs. 1962-63, 1973-74 and 1974-75 the following common question of law has been referred to this Court :

(2.) SHORTLY stated the facts are that the assessee is a nationalised bank deriving income from business in banking activities.

(3.) THE assessee appealed to the CIT(A) but without success.