(1.) THESE are consolidated references under Section 256(1) of the Income-tax Act, 1961. Some questions have been referred to us at the instance of the Revenue and others at the instance of the assessee. The following questions have been referred at the instance of the Revenue :
(2.) THE questions referred to us at the instance of the assessee are the following:
(3.) THE matter was then taken in appeal by the Revenue to the Tribunal. THE Tribunal posed the following questions :