1988 (11) TMI 70

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....urt was delivered by S. P. BHARUCHA J.-This reference concerns the assessment years 1963-64 to 1970-71 and raises at the instance of the Revenue the following questions : "(1) Whether, on the facts and in the circumstances of the case, the Tribunal was justified in law in holding that all the employees of the assessee-company were the beneficiaries under the trust "Trustees of Raptakos Brett....