1999 (3) TMI 11

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....e Revenue the following question: "Whether, on the facts and in the circumstances of the case, the Tribunal was justified in upholding the finding of the learned Commissioner of Income-tax (Appeals) who cancelled the order of the Assessing Officer passed on June 18, 1991, under section 154 of the Income-tax Act, 1961 ?" The Revenue is in appeal. The order of assessment was made on March 30, ....

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....me-tax Appellate Tribunal confirmed the view taken by the Commissioner (Appeals). On the application of the Revenue, the Tribunal referred the question aforementioned to the High Court and it drew up a statement of case. The High Court answered the reference, as aforestated, in favour of the assessee, holding that the Tribunal and the Commissioner of Income-tax (Appeals) were justified in ta....