AGARWAL INDUSTRIES Vs. COMMISSIONER OF INCOME TAX

JUDGEMENT

(1.) THESE two references are disposed of by this judgment, since the questions involved are common.

(2.) REFERENCE No. 29 of 1989 is in respect of the assessment year 1983-84 and REFERENCE No. 51 of 1988 is in respect of the assessment year 1984-85. The Income-tax Appellate Tribunal has referred the following two questions arising out of its order, which are common in both the years: