1995 (3) TMI 24

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..... he following question of law said to have arisen out of the order of the Tribunal for our opinion under section 256(2) of the Income-tax Act, 1961 : " Whether, on the facts and in the circumstances of the case, the Appellate Tribunal was right in holding that the status of the assessee is that of a co-owner and not an ' association of persons ' ? " The assessee claimed that his status is that .....

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..... 2 (Mad)), an order was passed following the decision rendered in CIT v. Blue Mountain Engineering Corporation [1978] 112 ITR 839 (Mad). As against the order passed in Tax Cases Nos. 338 to 340 of 1984 (CIT v. K. Chandrasekaran [1990] 182 ITR 392 (Mad)), special leave petitions were filed before the Supreme Court and the Supreme Court dismissed the said special leave petitions (vide CIT v. K. Chand .....

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