1988 (4) TMI 1

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....s)<br>Dated:- 1-4-1988<br>- - -<br>Income Tax<br>Judge(s)&nbsp; : I. S. ISRANI., J. S. VERMA&nbsp; JUDGMENT This reference under section 256 (1) of the Income-tax Act, 1961, at the instance of t....

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....on is covered by the decision of the Supreme Court in Lohia Machines Ltd. v. Union of India [1985] 152 ITR 308. Following that decision, this reference is to be answered in favour of the Revenue and a....