9911796707
TMI Blog1996 (1) TMI 29X X X X Extracts X X X X X X X X Extracts X X X X ..... hopal, has filed this application under section 256(2) of the Income-tax Act, 1961 (for short the "Act"), seeking a direction to the Income-tax Appellate Tribunal, Indore, to state the case and refer the undernoted question of law as proposed, arising out of the order dated July 12, 1991, passed in ITA No. 99/Ind. of 1990, for our opinion: "Whether, on the facts and in the circumstances of the ca ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of the order rejecting the contentions of the assessee. That appeal was registered as ITA No. 99/Ind. of 1990. The appeal was dismissed on July 12, 1991. Aggrieved, the applicant filed an application under section 256(1) of the Act which was registered as R. A. No. 354/Ind. of 1991. That application was rejected on July 15, 1992. Thereafter, the applicant has filed this application under section 2 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2] 197 ITR 718 (Cal) and CIT v. Chandulal Venichand [1994] 209 ITR 7 (Guj) clinch and conclude the point. So far as the question of subsidy is concerned, the point stands concluded by the judgment in CIT v. Bhandari Capacitors Pvt. Ltd. [1987] 168 ITR 647 (MP). In view of the facts and circumstances of the case, we are not satisfied that the question as proposed is a question of law required to ..... X X X X Extracts X X X X X X X X Extracts X X X X
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