2002 (5) TMI 38

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....red by N.K. SUD J.-At the instance of the Revenue, the Income-tax Appellate Tribunal, Chandigarh Bench, Chandigarh (hereinafter referred to as "the Tribunal"), has referred the following questions of law under section 256(1) of the Income-tax Act, 1961 (hereinafter referred to as "the Act"), for the opinion of this court: I.T.R. No. 122 of 1987: "Whether, on the facts and in the circumsta....

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.... and sale of hosiery goods, refined edible oil, vanaspati, ghee, etc. It filed its return of income for the assessment year 1980-81 on April 1, 1980, declaring an income of Rs. 42,69,740. The assessment under section 143(3) of the Act was completed by the Assessing Officer on March 25, 1983, at a total income of Rs. 1,42,80,780 by making certain additions/disallowances. The assessee filed an appea....

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....year have been set aside by us vide our order in I.T.R. Nos. 111 to 113 of 1987, dated May 30, 2002 (CIT v. Oswal Woollen Mills Ltd. (No. 1) [2002] 257 ITR 737 (P & H)). The matter has been restored to the Tribunal for fresh adjudication. Consequently, the findings of the Tribunal in the present case are also set aside and the matter is restored to its file for fresh adjudication in accord ance wi....