2001 (3) TMI 31

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....of the Revenue, the fallowing two questions have been referred to this court, viz., "1. Whether, on the facts and in the circumstances of the case, the Tribunal is right in law in holding that the Commissioner of Income-tax by exercise of powers under section 263 was not justified in setting aside the assessment for the allowance of correct depredation ? 2. Whether on the facts and in the ci....