1996 (4) TMI 29

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....x Act at the instance of the Revenue and the following question of law has been referred by the Tribunal for the answer of this court : "Whether, on the facts and under the circumstances of the case, the Tribunal was right in cancelling the order passed by the Commissioner of Income-tax under section 263 of the Income-tax Act, holding that the assessment order passed by the Assessing Officer fo....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Aggrieved by this order, the matter was taken up before the Tribunal and the Tribunal after considering the matter found that the order passed by the Income-tax Officer by allowing 15 per cent. depreciation is justified. Hence, an application was made by the Revenue before the Tribunal for sending a reference to this court and the aforesaid question of law has been referred by the Tribunal to this....