TAURIAN TUBES Vs. COMMISSIONER OF INCOME TAX

JUDGEMENT

(1.) THIS is a reference under Section 256(1) of the income-tax Act, 1961 (hereinafter to be referred to as "the Act"). The questions called for our opinion are as follows :

(2.) THIS reference relates to the assessment year 1977-78.

(3.) THE reference is answered accordingly. THE reference is thus disposed of with costs. Hearing fee Rs. 250 payable by the assessee.