1988 (6) TMI 11

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....een referred to this court under section 256(1) of the Income-tax Act, 1961, for the assessment years 1970-71 and 1971-72. "1. Whether, on the facts and in the circumstances of the case, the finding of the Tribunal that the leases dated March 11, 1968 in favour of Peekay Management were facade and not genuine is vitiated by reason of its failure to consider the relevant and material fact on rec....