1995 (11) TMI 57

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..... rt was rejected by the Income-tax Appellate Tribunal, vide annexure "P-2". It is contended that the Tribunal was not justified in declining to make a reference as admittedly the question of law sought to be referred had not been ascertained, determined or adjudicated by the jurisdictional court. We have heard learned counsel for the parties. Learned counsel appearing for the respondents has ve .....

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..... reference in the case of Rattan Chand Oswal, did not debar them from filing the application in the case of the respondents to get the reference made and the point of law adjudicated. Rather the judgment in favour of the respondent herein might have persuaded the Revenue to get the point of law settled lest it may continue affecting the interest of the Revenue in future as well. The plea raised ca .....

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