1991 (4) TMI 31

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....cation under sub-section (2) of section 256 of the Income-tax Act, 1961, at the instance of the Commissioner of Income-tax (Central), Kanpur. The question proposed in the application reads as under : "Whether in law and on the facts of the case, the Income-tax Appellate Tribunal was justified in confirming the Commissioner of Income-tax (Appeals) decision holding that the assessee-company was e....

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.... of Syntex Fabrics Ltd. The case of Syntex Fabrics Ltd. came to be considered by this court in I. T. R. No. 12 of 1978. Addl. CIT v. Syntex Fabrics Ltd. [1991] 191 ITR 52, which was decided by a Division Bench of this court by its order dated November 19, 1990. This court answered the question in favour of the assessee and against the Revenue. The question now proposed before us contains a simi....