1990 (12) TMI 65

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.... questions were referred under section 256(1) of the Income-tax Act, 1961 : "(i) Whether, on the facts and in the circumstances of the case, there was material on record justifying the Tribunal's finding that the assessee-company was maintaining cash system of accounting ? (ii) Whether, on the facts and in the circumstances of the case, the method of accounting employed by the assessee is th....

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....d by others in favour of the assessee was not includible in the receipts ? (v) Whether the Tribunal was right in directing the Income-tax Officer to accept the result as disclosed by the account books on the ground that the assessee was following a method of accounting from which profits are correctly deducible ?" It is brought to our notice that, in the case of this very assessee, these ver....