9911796707
TMI Blog2002 (5) TMI 38X X X X Extracts X X X X X X X X Extracts X X X X ..... h, Chandigarh (hereinafter referred to as "the Tribunal"), has referred the following questions of law under section 256(1) of the Income-tax Act, 1961 (hereinafter referred to as "the Act"), for the opinion of this court: I.T.R. No. 122 of 1987: "Whether, on the facts and in the circumstances of the case, the Tribunal was right in law in allowing the assessee's claim for investment allowance ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... essment year 1980-81 on April 1, 1980, declaring an income of Rs. 42,69,740. The assessment under section 143(3) of the Act was completed by the Assessing Officer on March 25, 1983, at a total income of Rs. 1,42,80,780 by making certain additions/disallowances. The assessee filed an appeal before the Commissioner of Income-tax (Appeals), who partially allowed the same, vide his order dated Novembe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Woollen Mills Ltd. (No. 1) [2002] 257 ITR 737 (P H)). The matter has been restored to the Tribunal for fresh adjudication. Consequently, the findings of the Tribunal in the present case are also set aside and the matter is restored to its file for fresh adjudication in accord ance with our observations in I.T.R. Nos. 111 to 113 of 1987--CIT v. Oswal Woollen Mills Ltd. (No. 1) [2002] 257 ITR 737 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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