1989 (3) TMI 117

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... G. G. SOHANI, ACTG. 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 While framing the assessment for the assessment year 1974-75, the Income-tax Officer had upheld the claim of the assessee for deduction of Rs. 1,86,965 from its total income unde....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... order of assessment under section 154 of the Act. In this view of the matter, the Tribunal allowed the appeal. Aggrieved by the order passed by the Tribunal, the Revenue sought reference, but the application made by the Revenue in that behalf was rejected. Hence, the Revenue has filed this application. Having heard learned counsel for the parties, we have come to the conclusion that the follow....