2001 (7) TMI 17

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....counsel for the Revenue. We need not go into the factual aspects in detail to answer the following question which has been referred at the instance of the Revenue, by the Income-tax Appellate Tribunal, Delhi Bench "E" (for short "the Tribunal"), under section 256(1) of the Income-tax Act, 1961 (for short "the Act"), for the opinion of this court: "Whether, on the facts and in the circumstances ....