1994 (11) TMI 2

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..... s Of Tribunal
Judge(s) : DR. B. P. SARAF., S. M. JHUNJHUNUWALA JUDGMENT The judgment of the court was delivered by DR. B. P. SARAF J. --- By this reference under section 256(1) of the Income-tax Act, 1961, following three questions have been referred by the Tribunal at the instance of the assessee to this court for opinion : " 1. Whether, on the facts and in the circumstances of the case, .....

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..... ost of imported assets of Rs. 2,21,833 ? " Learned counsel for the parties are agreed that the first question is covered by the Full Bench decision of this court in the case of Ahmedabad Electricity Co. Ltd. v. CIT [1993] 199 ITR 351. Following the same, we answer this question in the negative and in favour of the assessee. Learned counsel for the parties are also agreed that the second question .....

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