1999 (3) TMI 11

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..... he circumstances of the case, the Tribunal was justified in upholding the finding of the learned Commissioner of Income-tax (Appeals) who cancelled the order of the Assessing Officer passed on June 18, 1991, under section 154 of the Income-tax Act, 1961 ?" The Revenue is in appeal. The order of assessment was made on March 30, 1990. It was then rectified under section 154 of the Income-tax Act, 1 .....

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..... Appeals). On the application of the Revenue, the Tribunal referred the question aforementioned to the High Court and it drew up a statement of case. The High Court answered the reference, as aforestated, in favour of the assessee, holding that the Tribunal and the Commissioner of Income-tax (Appeals) were justified in taking the view that no occasion for rectification arose. It also opined that .....

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