2001 (9) TMI 1181

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....UDGMENT Arijit Pasayat, C.J. Heard at the instance of revenue, following questions have been referred for opinion of this court by the Tribunal, Delhi Bench-C, under section 256(1) of the Income Tax Act, 1961 : (1) "(i) Whether on the facts and in the circumstances of the case the Tribunal was correct in law in upholding the finding of the Commissioner (Appeals) in respect of assessment y....

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....cts and in the circumstances of the case the Tribunal was right in holding that ₹ 5,82,960 on account of local cess and local cess surcharge was allowable as deduction in the assessment year 1975-76 ?" 2. So far as the two parts of question No. 1 are concerned in view of our decision in IT Ref. 543/83, disposed of on 4-9-2001 [CIT v. Dalmia Cement (P) Ltd. (2002) 174 CTR (DelHI) 188] t....