1989 (1) TMI 79

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..... section 256(2) of the Income-tax Act, 1961, the Commissioner of Income-tax, Meerut, has desired that a mandamus be issued to the Income-tax Appellate Tribunal, Allahabad Bench, Allahabad, directing it to refer the two questions proposed in this application for the opinion of this court which are said to be questions of law arising out of the order passed by the Income-tax Appellate Tribunal. In .....

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..... al following its orders for the earlier years. The questions raised in the present application are similar to those that had been raised in the earlier years. It is not disputed before us that similar questions for the earlier years have already been rejected by this court being ITA No. 140 of 1987 (CIT v. Electra (Jaipur ) Pvt. Ltd.) decided on September 10, 1987, ITA No. 44 of 1987 (CIT v. Elect .....

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..... ystem of accounting regularly employed by it and that further the accounted version of profit was wholly deducible from the books of account and records maintained by the assessee (see order dated July 31, 1986, on appeal passed by this court in ITA No. 81 of 1984). The questions, whether the accounts are reliable or not or whether the income, profits and gains could or could not properly be deduc .....

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