COMMISSIONER OF INCOME TAX Vs. B S INTERNATIONAL

JUDGEMENT

(1.) FOLLOWING question of law has been referred for opinion of this Court by the Income Tax Appellate Tribunal, Amritsar Bench, Amritsar, arising out of its order dated 21.04.1993 in I.T.A. No.902(ASR)/1992 in respect of assessment year 1989-90:-

(2.) WE find that the issue stands covered against the revenue by the judgment of this Court in Income-Tax Officer v. Kaysons India (2000) 246 ITR 489. After considering the relevant provisions, this Court observed at page 492:-