1996 (4) TMI 115

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....(2) of the Income-tax Act, 1961 (hereinafter referred to as " the Act "), for issuing a direction to the Income-tax Appellate Tribunal, Chandigarh Bench, Chandigarh (here inafter referred to as " the Tribunal "), to refer the following question of law for the opinion of this court : " Whether, on the facts and in the circumstances of the case, the Appellate Tribunal was right in law in upholdin....

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.... year 1984-85 was from December 1, 1982, to June 30, 1983, i.e., for a period of seven months. The Assessing Officer imposed a condition that the depreciation allowance for the year 1984-85 will be restricted to 7/12ths of the admissible amount of depreciation. The assessee did not challenge the order dated December 30, 1982, in any other proceedings. During the course of assessment proceedings....

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....ndia Ltd.'s case [1987] 168 ITR 805 (Guj) and J. K. Synthetics Ltd.'s case [1976] 105 ITR 864 (All), given by the Gujarat and Allahabad High Courts, respectively, and that of the Supreme Court judgment in CIT v. V. MR. P. Firm [1965] 56 ITR 67. So far as the judgment of the Supreme Court in V. MR. P. Firm's case [1965] 56 ITR 67 is concerned, the same is not directly on the point in issue. The ....