1997 (9) TMI 61

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....nce under section 256(1) of the Income-tax Act, 1961, at the instance of the Revenue and the following question of law has been referred by the Tribunal for answer by this court : "Whether, on the facts and in the circumstances of the case, the Tribunal was justified in upholding the findings of the learned Commissioner of Income-tax (Appeals) who cancelled the order of the Assessing Officer pa....

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.... Act. Against that order, the Revenue went in appeal before the Tribunal and the Tribunal affirmed the order passed by the Commissioner of Income-tax (Appeals). Hence, the aforesaid question has been referred by the Tribunal at the instance of the Revenue for answer by this court. We are satisfied that the order passed by the Commissioner of Income-tax (Appeals) as also the order passed by the ....