1998 (10) TMI 48

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....-The following question of law has been referred by the Income-tax Appellate Tribunal under section 256(1) of the Income-tax Act, 1961 (for short, "the Act"), for the assessment years 1989-90 and 1990-91 : "Whether, on the facts and in the circumstances of the case, the Tribunal is right in law in upholding the Deputy Commissioner of Income-tax (Appeals)'s order allowing deduction at 40 per cen....