1996 (2) TMI 74

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....section 256(2) of the Income-tax Act, 1961, the assessee seeks reference of the following question, as one arising out of the appellate order of the Tribunal : " Whether, on the facts and in the circumstances of the case, the Income-tax Appellate Tribunal was right in holding that the expression 'regular assessment' in section 214(1) refers to the first original assessment made by the Income-ta....

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....e under section 143 or section 144 or the consequential order that may be passed by the assessing authority giving effect to the appellate orders. The Income-tax Appellate Tribunal relying on the Full Bench decision of this court in CIT v. G. B. Transports [1985] 155 ITR 548 held that the liability of the Government under section 214, as it stood before the amendment in 1984, to pay interest on th....