1988 (9) TMI 40

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....this reference under section 256(1) of the Income-tax Act, 1961 (hereinafter referred to as "the Act"), the Income-tax Appellate Tribunal, lndore 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 the assessment order passed in compliance with the directions ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... assessee and the Inspecting Assistant Commissioner accordingly directed the Income-tax Officer to delete the proposed addition. The Income-tax Officer thereafter framed the assessment order in compliance with the direction given by the Inspecting Assistant Commissioner. Subsequently, the Commissioner of Income-tax, exercising powers under section 263 of the Act, held that the order passed by the ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....bunal, therefore, allowed the appeal. Aggrieved by the order passed by the Tribunal, the Revenue sought reference and it is at the instance of the Revenue that the aforesaid question of law has been referred to this court for its opinion. At the time of hearing, learned counsel for the parties conceded that the matter arising in this case was covered by a decision of this court in CIT v. Vithal....