1997 (9) TMI 61

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... nd the following question of law has been referred by the Tribunal for answer by this court : "Whether, on the facts and in the circumstances of the case, the Tribunal was justified in upholding the findings 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?" We are of the .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... affirmed the order passed by the Commissioner of Income-tax (Appeals). Hence, the aforesaid question has been referred by the Tribunal at the instance of the Revenue for answer by this court. We are satisfied that the order passed by the Commissioner of Income-tax (Appeals) as also the order passed by the Tribunal are justified as the Commissioner of Income-tax (Appeals) has specifically found .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X