High Court: Reference under Income-tax Act allowed against Tribunal order, directing reconsideration.

The High Court of Allahabad held that a reference application under section 256(1) of the Income-tax Act, 1961 is maintainable against the order passed under section 254(2) of the Act. The court quashed the order passed by the Income-tax Appellate Tribunal and directed the Tribunal to consider the petitioner's application under section 256(1) on its merits.

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The High Court of Allahabad held that a reference application under section 256(1) of the Income-tax Act, 1961 is maintainable against the order passed under section 254(2) of the Act. The court quashed the order passed by the Income-tax Appellate Tribunal and directed the Tribunal to consider the petitioner's application under section 256(1) on its merits. (Case citation: 1988 (10) TMI 34 - ALLAHABAD High Court)

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