1989 (4) TMI 59

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.... C. J. -This is an application under section 256(2) of the Income-tax Act, 1961 (hereinafter referred to as "the Act"). The material facts giving rise to this application, briefly, are as follows. The assessee was assessed in the status of a registered firm. The assessment year in question is 1976-77. Aggrieved by the order of assessment, the assessee preferred an appeal before the Commissioner....

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.... view of the matter, the Tribunal rejected the application under section 254(2) of the Act. Aggrieved by that order, the application preferred by the Revenue under section 256(1) of the Act was rejected by the Tribunal. Hence, the Revenue has filed this application under section 256(2) of the Act. Having heard learned counsel for the parties, we have come to the conclusion that this application....