1971 (5) TMI 10

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....n application by the assessee under section 256(2) of the Income-tax Act, 1961. The assessee filed an appeal before the Income-tax Appellate Tribunal in a case relating to the assessment year 1961-62. The appeal was dismissed for default by the Appellate Tribunal on April 13, 1966. The assessee applied under section 256(1) of the Income-tax Act, 1961, for reference of certain questions of law t....

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....September 14, 1966, that the case is governed by the provisions of the Indian Income-tax Act, 1922. Whether the proceeding will lie under the Act of 1922 or the Act of 1961 has to be determined by reference to clauses (a) and (b) of sub-section (2) of section 297 of the Act of 1961. If the return of income was filed before April 1, 1962, on which date the Act of 1961 was brought into force, the pr....

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....b-section (3) of section 66 ? That sub-section provides that if the reference application made under sub-section (1) of section 66 is rejected by the Appellate Tribunal on the ground that it is barred by time, then upon application made by the assessee the High Court, if it is not satisfied with the correctness of the Appellate Tribunal's decision, can require the Appellate Tribunal to treat the a....