1996 (7) TMI 33

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..... we have already called for a reference by the necessary direction with regard to the same assessment year 1983-84. The facts are the same. The question in this petition is whether the provisions of section 209A of the Income-tax Act get attracted in a situation where initially the assessee shows losses and thereby no taxable income comes to be assessed on the basis of an enormous amount of income .....

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..... e conclusion regarding attraction of the provisions of section 209A of the Act and thereafter refer the following two questions to this court: "1. Whether, on the facts and in the circumstances of the case, the Tribunal is right in law and fact in holding that the provisions of section 209A are not attracted to the facts of this case ? 2. Whether, on the facts and in the circumstances of the cas .....

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