1988 (11) TMI 70

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..... J.-This reference concerns the assessment years 1963-64 to 1970-71 and raises at the instance of the Revenue the following questions : "(1) Whether, on the facts and in the circumstances of the case, the Tribunal was justified in law in holding that all the employees of the assessee-company were the beneficiaries under the trust "Trustees of Raptakos Brett and Co. P. Ltd. Employees' Service Grat .....

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..... rence arising upon the Tribunal's judgment in Shree Ram Mills' case was heard and decided by this court on November 1, 1985 (CIT v. Trustees of Staff Gratuity Fund of Shree Ram Mills Ltd. [1986] 162 ITR 471). Therein it was held ( a decision to which one of us was a party) that the Tribunal was right in its conclusion. Following the judgment of this court in Shree Ram Mills' case [1986] 162 ITR 47 .....

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