1. SAEEDUZZAMAN SIDDIQUI, J.----The following question has been referred to us under section 66(1) of the Income-tax Act, 1922; Whether on the facts and in the circumstances of the case, the Income--tax Appellate Tribunal was right in ordering deletion of the add-back claimed by the assessee company on account of provision for taxation?
2. Although it is not conceded by the learned counsel for the applicant/department but he frankly invited our attention to the case of Commissioner of Income-tax v. Mercantile Fire and Central Insurance (1989 PTD 142) in which the question similar to one referred to above was answered in the affirmative. We agree with the above decision and accordingly answer the question referred to above in the affirmative. There will be, however, no order as to costs.