The High Court also dismissed the reference application filed by the Revenue under Section 256 2 of the Income tax Act, 1961.
These appeals are by the Revenue against the judgment of the Division Bench of the Andhra Pradesh High Court and pertain to the assessment years 1981 82, 1982 83, 1983 84 and 1984 85.
Following this judgment, the Appellate Tribunal dismissed the appeal filed by the Revenue.
The Appellate Tribunal declined to refer the question to the High Court for its opinion.
Aggrieved, the Revenue has companye to this Court.
This judgment has number been appealed against by the Revenue.
