1987 (2) TMI 6

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....he Income-tax Act, 1961 ("the Act"), for directing the Tribunal to state the case and refer to this court for its decision, a question of law said to arise out of the Tribunal's order. The Tribunal rejected the application under section 256(1) on the ground that no question of law arose out of its order. The assessee set up Its claim in respect of interest paid to Shri Gurprasad which became pa....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....als) refused to rectify under section 154 of the Act on the basis set up by the assessee, but the Tribunal has upheld that contention and directed rectification of the assessment order for the assessment year 1972-73 on that basis. The only question is whether the Tribunal was justified in taking the above view. It has been stated as a fact that the decision for the assessment year 1973-74 taki....