COMMISSIONER OF INCOME TAX Vs. HIND AGENCIES

JUDGEMENT

(1.) THIS is a reference under Section 256(1) of the I.T. Act, 1961 (hereinafter to be referred to as "the Act"), and the following question of law has been referred to the High Court for its decision :

(2.) THE brief facts giving rise to this reference are as follows:

(3.) IN view of the above discussion, the reference is answered in the affirmative.