1987 (1) TMI 5

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..... n referred to this court under section 256(1) of the Income-tax Act: "1. Whether, on the facts and in the circumstances of the case, Rs. 34,008, being 50% of the expenditure incurred by the assessee for providing carpets and screens in the two cinema theatres is to be allowed as revenue expenditure for the assessment year 1972-73 ? 2. Whether, on the facts and in the circumstances of the case, .....

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..... court in CIT v. Andhra Prabha (P.) Ltd. [1980] 123 ITR 760, which view is now confirmed by the Supreme Court in the decision in CIT v. Andhra Prabha (P.) Ltd. [1986] 158 ITR 416. Accordingly, the three questions are answered as follows : Question No. 1 In the affirmative and in favour of the assessee. Question No. 2 In the affirmative and in favour of the assessee. Question No. 3 In the affi .....

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