1996 (7) TMI 104

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....an application by the Revenue under section 261 of the Income-tax Act, 1961, for a certificate of fitness for appeal to the Supreme Court. On hearing learned counsel for the Revenue as well as for the assessee and considering the judgment in regard to which the petition is made before us, we feel that this is a fit case for an appeal to the Supreme Court of India. The crucial question is as to ....

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....specting Assistant Commissioner was communicated by correspondence in the form of a letter. The said communication had reached the Inspecting Assistant Commissioner on April 1, 1976. On the same day (April 1, 1976), the statutory provision requiring the reference came to be deleted. In the light of this factual matrix, two divergent views require consideration and the question is a substantial que....