1983 (10) TMI 284

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....anuka, 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 courtesy, news and advertisement gathering an....

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....g?" 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 counsels that question No. 3 is covered by the decision of the ....