(1.) THE following question of law has been referred by the Tribunal under Section 256(1) of the Income-tax Act, 1961 (Act No. 43 of 1961) (hereinafter to be referred to as " the Act").
(2.) MATERIAL facts may be stated in brief to answer the aforesaid question.
(3.) BY Section 40 of the Finance Act, 1964 (Act No. 5 of 1964), Section 271(1)(c) was amended with effect from April 1, 1964. In Section 271(1)(c) the word "deliberately " was omitted.