2017 (8) TMI 621

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....e for the  Respondent JUDGEMENT 1. By this reference under Section 256 (1) of the Income Tax Act, 1961 (the Act), the Income Tax Appellate Tribunal seeks our opinion on the following questions of law:- "(1) Whether on the facts and in the circumstances of the case the Tribunal was justified in law in sustaining the deletion of Rs. 2,09,68,300/- by the CIT(A) on account of inter....

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....uestions were subject of consideration by this Court in the Income Tax Reference No.3 of 1995 in which we have passed an order today. Both question Nos. 1 and 2 as framed herein were answered in the affirmative i.e. in favour of the respondent-assessee and against the applicant-revenue in Income Tax Reference No.3/1995. It is an agreed position between the parties that there is no change in facts ....