1994 (8) TMI 2

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..... tta High Court in Income-tax Reference No. 221 of 1987 (see [1993] 204 ITR 83) answering the questions referred in favour of the Revenue and against the assessee. The question referred is to the following effect : "Whether, on the facts and in the circumstances of the case, the rental income derived by the assessee was assessable in the hands of the assessee as income from other sources under s .....

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..... the judgment under appeal covers all the three reference cases aforesaid. Learned counsel for the appellant submits that having first delivered judgment in these reference cases, the High Court had no power in law to recall those orders and hear the references afresh and come to a different conclusion. He submits that since the power under section 256 of the Income-tax Act is judicial in nature .....

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