High Court directs Tribunal to refer question on Section 147 assessment. Is it a regular assessment under Income-tax Act?

The High Court directed the Income-tax Appellate Tribunal to refer a question of law regarding the assessment made under section 147 for the first time. The issue was whether this assessment could be deemed a regular assessment for certain purposes under the Income-tax Act.

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The High Court of Allahabad heard an application under section 256(2) of the Income-tax Act, 1961. The court directed the Income-tax Appellate Tribunal to refer a question of law regarding the assessment made under section 147 for the first time. The question pertained to whether this assessment can be considered a regular assessment for certain purposes under the Income-tax Act.

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