COMMISSIONER OF INCOME TAX Vs. B N SEN

JUDGEMENT

(1.) THE following question of law has been referred to this Court by the Tribunal under S. 256(1) of the IT Act, 1961 ('the Act'):

(2.) THE assessment year involved in this reference is the asst. yr. 1974-75, for which the corresponding assessment year is the accounting period ending on 31st March, 1974.