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2007 (9) TMI 20

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..... h Bench, Chandigarh (for brevity, 'the Tribunal'), by exercising its power under Section 256(1) of the Income-tax Act, 1961 (for brevity, 'the Act') has referred the following questions of law, which are stated to have emerged from consolidated order dated 28.7.1997, in I.T.A. Nos. 1573/91 and 1574/91, in respect of assessment year 1989-90:- "1. Whether on the facts and circumstances of the cas .....

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