1987 (11) TMI 11

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... M. N. CHANDURKAR., SRINIVASAN JUDGMENT The assessee filed a petition under section 256(2) of the Income-tax Act, 1961, for directing the Tribunal to refer the following questions of law : "(i) .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... he assessee in its business ?" In the assessee's own case, a similar case relating to an earlier year was decided against the assessee in CIT v. Thiru Arooran Sugars Ltd. [1983] 144 ITR 4 (Mad). Hen .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X