1994 (2) TMI 135

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ed the following questions of law stated to be arising out of the orders of the Tribunal dt. 14th Oct., 1992, in ITA Nos. 331 to 334/Jab/1992 for the asst. yrs. 1988-89 and 1989-90 to refer the same for the opinion of the Hon'ble High Court of Madhya Pradesh at Jabalpur. The questions of law proposed in RA No. 1 and 2/Jab//1993 for the asst. yrs. 1988-89 and 1989-90 are as under: "1. Whether, o....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....her the Tribunal was justified in law to hold that provisions of s. 271A as they stood prior to 1st April, 1989, were applicable to the facts of the case for assessment year under consideration in view of facts and circumstances of the case?" The questions of law proposed in RA Nos. 3 and 4/Jab/1992 for the asst. yrs. 1988-89 and 1989-90 are as under: "1. Whether on the facts and in the circ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....or both the assessment years in all the four reference applications is below Rs. 30,000. As such, relying upon the Board's Instructions No. 1573 issued by the CBDT vide Circular F. No. 279/26/83-ITJ, dt. 12th July, 1984, and Instruction No. 1764 issued by the CBDT vide Circular F. No. 319/11/87-WT, dt. 14th July, 1987, where the tax effect is less than Rs. 30,000, the Board has taken a policy deci....