1996 (9) TMI 10

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....H J.---As per direction given by this court in Civil Rule No. 19(M) of 1991, the following two questions have been referred by the Income-tax Appellate Tribunal, Guwahati (for short, "the Tribunal"), under section 256(2) of the Income-tax Act, 1961 (for short, "the Act"), for the opinion of this court : "1. Whether under the facts and circumstances of the case and on proper construction of the ....

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....epreciation and business loss for the assessment year 1982-83. An appeal was filed by the assessee before the Commissioner of Income-tax (Appeals). However, the assessee was unsuccessful. Against the order of the Commissioner of Income-tax (Appeals), the assessee filed yet another appeal before the Tribunal. The Tribunal after considering the matter held that as the assessment for the assessment y....