1978 (2) TMI 110

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..... We are opinion that no question of law arises. 2. The assessee claimed and was allowed certain amortization on the basis of circulars issued by the Central Board of Direct Taxes and in force in the beginning of the assessment year. It appears that the Central Board of Direct Taxes issued another circular dated 18th Sept., 1972 varying the quantity of amortization. The Income-tax Officer reopene .....

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..... question would appear in the first flush to be a real question of law. But as the Appellate Assistant Commissioner has pointed out that the Board has issued circulars specifically stating that matters which were pending on appeal should be completed on the basis of this circular. That was what the AAC did and we, in effect, upheld his action. It would, therefore, appear to us that the reference ap .....

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