MURLI INVESTMENT COMPANY Vs. COMMISSIONER OF INCOME TAX

JUDGEMENT

(1.) THESE cases relate to two different assessments for the years 1972-73 and 1973-74. In view of this circumstance, the office is directed to register the above reference cases as D.B. Income-tax Reference Application Nos. 12 of 1977 and 12A of 1977. As both these cases arise out of a single order passed by the Income-tax Appellate Tribunal, Jaipur Bench, Jaipur, and identical questions of law arise in relation to both the assessment years, the same are disposed of by one single order.

(2.) THE Income-tax Appellate Tribunal, Jaipur Bench, Jaipur, has referred the following questions of law for the opinion of this court: