1996 (1) TMI 69

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....questions are referred : " 1. Whether, on the facts and in the circumstances of the case, the Tribunal was right in law in holding that the assessee is not entitled to any relief under section 80J of the Income-tax Act, 1961 ? 2. Whether, on the facts and in the circumstances of the case, the Tribunal was right in law in failing to consider the assessee's claim that the Income-tax Officer sh....

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.... the relevant previous year. This conclusion stood set aside by the appellate authority---the Appellate Assistant Commissioner when he held that the assessee would be entitled to the deduction under section 80J and directed reopening of the assessment under section 147(b) of the Act. There was an appeal against the revised assessment wherein the appellate authority noticed the order of the Tribuna....