1989 (8) TMI 54

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....J.-By this reference under section 256(1) of the Income-tax Act, 1961 (hereinafter referred to as "the Act"), the Income-tax Appellate Tribunal, Jabalpur Bench, has referred the following' question of law to this court for its opinion. "Whether, on the facts, and in, the circumstances of the case, the Tribunal was right in law in holding that, in the case of the assessee, there was a succession....

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....on of the firm. The Income-tax Officer, accordingly, made one assessment. On appeal, the order passed by the Income-tax Officer was upheld by the Commissioner of Income-tax (Appeals). On further appeal before the Tribunal, the Tribunal held that in view of the judgment of this court in Jalam Chand Mangilal (No. 1) v. CIT [1982] 138 ITR 343, section 187 (2) of the Act was attracted and that there s....

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....lal v. CIT [1984] 147 ITR 529. Referring to that decision, the Supreme Court observed in Wazid Ali Abid Ali v. CIT [1988] 169 ITR 761, as follows (at page 778) "The Full Bench of the Madhya Pradesh High Court in Girdarilal Nannelal v. CIT [1984] 147 ITR 529, held that any matter for which provision was made in the Income-tax Act, 1961, was to be governed by it, notwithstanding anything differen....