2001 (2) TMI 14

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..... the Department and R.A. under section 256(2) stood admitted by the High Court for the assessment year 1986-87 on the issue under consideration - High Court directed to hear the issue on merits. - Civil Appeal No 1344 of 2001. - - - Dated:- 19-2-2001 - S. P. Bharucha And Y. K. Sabharwal JJ. For the Appellant : K. N. Raval, Additional Solicitor General of India (Ashok Shrivastava , B. V .....

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..... hat no substantial question of law arose. The High Court had, on an application by the Revenue under section 256(2) of the Income-tax Act, called upon the Tribunal to refer to it the identical issue in respect of a previous year. It is fairly stated, in the circumstances, that this appeal should be allowed, the order under challenge should be set aside and the appeal (I.T.A. No. 7 of 1999) restore .....

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