At the instance of the Revenue, the Tribunal referred the following questions to the High Court for its opinion: "Assessment year 1965 66 Whether on the facts and in the circumstances of the case, the Appellate Tribunal was right in law in holding that 'strawboard ' is covered by the term 'paper and pulp ' appearing in paragraph F of Part I read with Part III of the First Schedule to the Finance Act, 1965 (Act No. X of 1965)? 775 Assessment years 1966 67 and 1967 68 Whether on the facts and in the circumstances of the case, the Appellate Tribunal was fight in law in holding that 'strawboard ' is covered by the term 'paper and pulp ' appearing at item 16 of the Fifth Schedule to the Income Tax Act, 1961 and in allowing the assessee 's claim under section 80 E of the Act?" The High Court has held that the strawboard industry is covered within the expression 'paper and pulp ' appearing in the relevant Schedules of the Income Tax Act and has, there fore, answered the questions referred to it in the affirma tive, in favour of the assessee and against the Revenue.