2001 (9) TMI 1181

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..... rd at the instance of revenue, following questions have been referred for opinion of this court by the Tribunal, Delhi Bench-C, under section 256(1) of the Income Tax Act, 1961 : (1) (i) Whether on the facts and in the circumstances of the case the Tribunal was correct in law in upholding the finding of the Commissioner (Appeals) in respect of assessment years 1974-75 and 1975-76 that commissi .....

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..... as right in holding that ₹ 5,82,960 on account of local cess and local cess surcharge was allowable as deduction in the assessment year 1975-76 ? 2. So far as the two parts of question No. 1 are concerned in view of our decision in IT Ref. 543/83, disposed of on 4-9-2001 [CIT v. Dalmia Cement (P) Ltd. (2002) 174 CTR (DelHI) 188] they are answered in the affirmative in favor of the assess .....

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