1979 (2) TMI 9

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....ns under s. 256(2) of the I.T. Act, 1961 (hereinafter referred to as " the Act "), are by the revenue and relate to the same assessee who is the respondent herein, for assessment years 1970-71 to 1973-74. The questions which the revenue wants to be referred to this court, have been set out in para. 4 of the petition and it is unnecessary to reproduce them in this order. The assessee is a manufac....

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....el for the assessee has invited our attention to the definition of the term " petrochemical " in the Condensed Chemical Dictionary (8th Edn.) revised by Gessner G. Hawley. According to that dictionary, the meaning of that term is " an organic compound for which petroleum or natural gas is the ultimate raw material The learned standing counsel did not dispute that for manufacturing synthetic resins....