1. SALEEM AKHTAR, J.--The following question has been referred by the Tribunal in respect of assessm ent years 1969-70 and 1972-73.
2. "Whether in the facts and in the circumstances of this case, the Tribunal had rightly held that, trading liabilities, which had been allowed as deductions in charge years 1961 and 1963 could be treated as income under section 10(2-A) as substituted by Finance Act, 1966 and subsequently amended by Finance Ordinance, 1972."
3. Similar question came up for consideration in ITR 18/81, Messrs Brooke Bond Pakistan Limited v. The Commissioner of Income-tax. The learned counsel for the parties have pressed the same arguments which were agitated in that reference. After considering the arguments of the learned counsel in that case we had answered the question in the affirmative. Following the judgment in the case of Messrs Brooke Bond Pakistan Limited we answer the question in the affirmative.