1983 (10) TMI 284

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.... C. Tripathi JUDGMENT D. R. Dhanuka, J. By this reference under section 256(1) of the Income-tax Act, 1961 ('the Act'), the Tribunal has referred the following three questions of law to this Court for opinion: 1. Whether, on the facts and in the circumstances of the case, the, Tribunal was right in law in holding that the expenses incurred in connection with the customer ....

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....alue with reference to the repurchase value, of the building?" 2. It is agreed between the counsels that question No. 2 is covered by the decision of this Court in the case of CIT y. Mercantile Bank Ltd. [1988] 169 ITR 44. In view of the above statement and following the said decision we answer question No. 2 in the affirmative and in favour of the assessee. 3. It is agreed between the couns....