1996 (6) TMI 12

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....ALAM J.---At the instance of the Department, the Tribunal referred the following two questions for the opinion of this court under section 256(1) of the Income-tax Act, 1961 : "1. Whether, on the facts and in the circumstances of the case, the Appellate Tribunal was right in holding that the amount paid to employees under the Voluntary Retirement Scheme should be allowed as a deduction? 2. W....

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....tax (Appeals) held that the payment was deductible following his order for the assessment year 1975-76. On further appeal by the Revenue, the Tribunal sustained the Commissioner of Income-tax's view, following the earlier order of the Tribunal in I. T. A. Nos. 2104 to 2107 (Mds) 1979 for the assessment years 1972-73 to 1975-76 in the assessee's own case. A similar view was also taken by the Tribun....