1986 (10) TMI 22

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.... of the Income-tax Act, 1961 (hereinafter referred to as " the Act "), by the Revenue for a direction to the Income-tax Appellate Tribunal, Jaipur, to state the case and refer to this court for its decision the following question of law : " Whether, on the facts and in the circumstances of the case, the Tribunal was justified in holding that the provisions of section 147(b) of the Income-tax Act,....

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....n the reassessment order. Aggrieved by the decision of the Income-tax Officer, the assessee appealed to the Commissioner of Income-tax (Appeals). The appeal was allowed and the objection of the assessee was upheld cancelling the reassessment order made by the Income-tax Officer. Thereafter, the Tribunal has rejected the Revenue's appeal and also rejected the application made for reference under s....