COMMISSIONER OF INCOME TAX Vs. ADU RAM

JUDGEMENT

(1.) THIS is a reference under Section 256(1) of the Income-tax Act, 1961, ("the Act"), at the instance of the Revenue to answer the following question of law :

(2.) THE relevant assessment year is 1978-79. THE question as well as the facts on which this question arises is the same as in CIT v. Builders Engineers Co. [1989] 175 ITR 317 (Raj). Following that decision and for the same reasons, this reference has to be answered in the negative.