1997 (7) TMI 25

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..... Revenue, referred the following questions of law to this court for opinion : "1. Whether, on the facts and in the circumstances of the case, the Tribunal was justified in law in holding that notwithstanding the notification issued by the Central Board of Direct Taxes the assessee is entitled to deduction of 100 per cent. of the initial contribution to the superannuation fund ? 2. Whether, on t .....

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..... t. Ltd. (No. 1) [1993] 201 ITR 567 and by the decision of the Supreme Court in CIT v. Indian Engg. and Commercial Corporation P. Ltd. [1993] 201 ITR 723, and following the same, it should be answered in favour of the assessee. In view of the above statement, both the questions referred to us are answered in the affirmative and in favour of the assessee. Reference disposed of accordingly. No or .....

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