1985 (11) TMI 85

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.... to be a question of law, arising out of its order dt. 27th June, 1985 in I.T.A. No. 648-chandi/84, to the High Court: "Whether on the facts and in the circumstances of the case, the Tribunal was right in law in confirming the order of the AAC allowing inclusion of anticipated profits for assessment on release orders and import licences in the absence of actual sale of goods and against any rec....

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.... to 1976-77 method adopted by the assessee for exclusion of expected profit for import licence was the same as during the year under consideration. Therefore, for the reason given by the AAC in his order, i.e., on the basis of consistency of accounting method adopted by the assessee year after year. the Tribunal confirmed the finding of the AAC. 4. At the time of hearing of this reference appli....