1991 (7) TMI 28

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....he following question was referred for our consideration under section 256(1) of the Income-tax Act, 1961, which reads as follows : " Whether, on the facts and in the circumstances of the case, the Tribunal is right in holding that the provisions of section 154 of the Income-tax Act, 1961, are applicable ? " In the course of the assessment proceedings, weighted deduction under section 35B wa....

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.... In these circumstances, learned counsel for the assessee contended that the order of assessment stood merged with the appellate order, and if so, the assessing authority was not competent to amend such an order. For this proposition, learned counsel relied upon the decision of this court in the case of CIT v. Hindustan Aeronautics Ltd. [1986] 157 ITR 315, a Full Bench decision of this court. T....