1992 (7) TMI 53

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....ommon judgment. Heard Mr. R. P. Kar for the Department and Mr. S. Ray for the assessee. On being moved by the Revenue under section 256(2) of the Income-tax Act, 1961 (in short, "the Act"), this court had directed the Income-tax Appellate Tribunal, Cuttack Bench, Cuttack ( in short, " the Tribunal to state a case and refer the following question for our opinion: " Whether, on the facts and i....