1986 (7) TMI 75

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....assed by this court under section 256(2) of the Income-tax Act, 1961 (hereinafter referred to as " the Act "), in Misc. Civil Case No. 84 of 1982, the Income-tax Appellate Tribunal, Indore 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 justified in law in holding that the balance am....

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....as rejected by the Income-tax Officer. On appeal, the Appellate Assistant Commissioner held that the amount of compensation awarded to the assessee by way of damages could not be taxed in the relevant assessment year. On further appeal before the Tribunal, the Tribunal upheld the view taken by the Appellate Assistant Commissioner. The application moved by the Revenue for making a reference to this....