IN THE HIGH COURT OF PUNJAB & HARYANA, CHANDIGARH ITR No. 52 of 1997 Date of Decision: February 22, 2007 The Commissioner of Income-tax Jalandhar ...... Revenue Versus Guru Nanak Co-op (L&C) Society Ltd., ........ Respondent Bhatinda Coram: Hon'ble Mr.Justice M.M.Kumar Hon'ble Mr.Justice Rajesh Bindal Present: Mr. Yogesh Putney,Advocate for the Revenue Mr.K.L.Goyal, Advocate for the assessee. M.M.KUMAR,J. The Income Tax Appellate Tribunal,Amritsar Bench, Amritsar (for short `the Tribunal'), at the instance of revenue, has referred the following question of law for adjudication of this Court arising out of order passed by it in ITA No.283(ASR)/1993 for the assessment year 1991- 92:- “Whether, on the facts and in the circumstances of the case, the income of the assessee was fully exempt from tax under section 80P(2)(a)(vi) of the Income- tax Act, 1961? ”. For the reasons stated in our separate order passed today in ITR Nos. 401 and 402 of 1995, The Commissioner of Income-tax Amritsar vs.Gurdaspur Hardochhanni Co-op L/C Society Gurdaspur, the question referred is answered against the revenue and in favour of the assessee. ( M.M.Kumar ) Judge ( Rajesh Bindal ) Judge February 22, 2007 arya