LAWS(HPH)-1995-5-2

COMMISSIONER OF INCOME TAX Vs. HOTEL MAYUR

Decided On May 24, 1995
COMMISSIONER OF INCOME-TAX Appellant
V/S
HOTEL MAYUR, Respondents

JUDGEMENT

(1.) BY this common judgment and order, we propose to dispose of the abovesaid income-tax references.

(2.) ALL the references are under Sub-section (1) of Section 256 of the Income-tax Act, 1961 ("the Act", in short), from the Income-tax Appellate Tribunal, Chandigarh, on the prayer of the Revenue. The common question has been referred to this court for opinion. We may refer to only one question in Income-tax Reference No. 1 of 1991. The said question is :

(3.) WE have heard learned counsel for the Revenue as well as learned counsel for the assessees.