1992 (8) TMI 244

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..... he proceedings commenced in pursuance of the said notices and the orders passed therein were invalid and bad in law - - - - - Dated:- 27-8-1992 - J. S. VERMA. and DR. A. S. ANAND. JUDGMENT These appeals by special leave are against the common order dated March 8, 1976, rejecting three applications Nos. 68, 69 and 70 of 1975 made by the appellant under section 256(2) of the Income-tax Act .....

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..... ection 256(1) of the, Act wherein it was stated that the question of law is concluded by the decision in Banarsi Debi v. ITO [1964] 53 ITR 100 (SC). Having heard both sides we are of the opinion that the High Court as well as the Tribunal were in error in taking the view that the question of law is concluded in the present case by the decision in Banarsi Debi v. ITO [1964] 53 ITR 100. The decisi .....

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