Judgment :- K.A. THANIKKACHALAM, J. At the instance of the Department, the Tribunal referred the following common question for the opinion of this court for the assessment years 1978-79 to 1980-81, under section 256(2) of the Income-tax Act, 1961. "Whether, on the facts and in the circumstances of the case, the Appellate Tribunal was correct in law in holding that the amount set apart for credit to the 'molasses storage fund account' is an allowable deduction in the computation of income ?". A similar case came up for consideration before this court in CIT v. Salem Co-operative Sugar Mills Ltd. 1998 (229) ITR 285, 1997 (138) CTR 352, 1997 (95) TAXMAN 325 , 1997 (138) CTR(Mad) 352 wherein this court held that the amount set apart for "molasses storage fund" is an allowable deduction. Inasmuch as the order passed by the Tribunal is in accordance with the abovesaid decision of this court, we answer the question referred to us in the affirmative and against the Department. No costs.