1996 (1) TMI 87

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....herefore, we have heard learned standing counsel only. This is an application under section 256(2) of the Income-tax Act, 1961, by the Revenue requiring us to direct the Income-tax Appellate Tribunal to refer the following questions for the opinion of this court : " (1) Whether, on the facts and in the circumstances of the case, the Income-tax Appellate Tribunal was justified in confirming t....