1982 (5) TMI 10

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....der s. 256(2) of the I.T. Act, 1961, which raise interconnected questions have been instituted by the Commissioner of Income-tax claiming that questions of law arise out of the order of the Tribunal. The applications are-I.T.C. Nos. 75 of 1978, relating to the assessment year 1968-69, 76 of 1978 relating to the assessment year 1969-70, 307 of 1979 relating to the assessment year 1970-71, 306 of 19....

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....lly the assessee had let out a portion of the building to M/s. Babu Offset Printing Press at Rs. 1,860 per month. In that portion, he had fitted Rotary Printing Press for which he received Rs. 7,500 monthly. From 1968-69 onwards, the assessee and his son together constituted a partnership relating to the said Rotary Printing Press. This firm then took over the machinery and also the portion of the....

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....f the firm, M/s. Rotary Corporation, which was getting the sum of Rs. 12,500 which included the rent. The Tribunal accepted this view-point and held that it was obvious that the amount of Rs. 12,500 also included the rent of the portion of the building. The Tribunal has refused to make a reference on the ground that finding of fact is involved. We have heard learned counsel for the parties. We ....