1993 (1) TMI 6

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....he questions raised in this reference are covered by the decisions of this High Court as well as of the Supreme Court, the preparation of the paper book may be dispensed with and the reference be disposed of in the light of the said decisions. This reference relates to the three assessment years, viz., assessment years 1973-74 to 1975-76, and there are certain common questions on certain issues....

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....n favour of the assessee. Questions Nos. 2 to 4 taken up for the assessment year 1973-74 read as under : " 2. Whether, on the facts and in the circumstances of the case, the Tribunal was right in holding that the deduction under section 80J of the Income-tax Act, 1961, should be computed after taking into account only the totality of the assets in the industrial undertaking without deducting....