1996 (8) TMI 28

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....n compliance with the directions of this court in I. T. C. No. 229 of 1985, dated September 23, 1988 the Income-tax Appellate Tribunal has referred to this court the following questions of law for opinion as arising from the order of the Tribunal in S.T.A. 1 and 2/Hyd. of 1981, dated March 26, 1982 : " 1. Whether, on the facts and in the circumstances of the case, the Appellate Tribunal was rig....

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....ion of the assessment. The Income-tax Officer declined to rectify the assessment. The first appellate authority confirmed that order. On further appeal to the Income-tax Appellate Tribunal, the question was whether for purposes of arriving at the total income, the income by way of dividend has to be excluded and whether the income by way of dividend, means the net income by way of dividend or the ....