1995 (9) TMI 55

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..... ection 256(2) of the Income-tax Act, 1961, after refusal to refer the proposed question of law by the Income-tax Appellate Tribunal, Indore, on February 28, 1995, in Reference Applications Nos. 1, 2 and 3/(Ind) of 1989 for the assessment years 1985-86 to 1987-88 arising out of I. T. A. Nos. 365/(Ind) of 1989, 60/(Ind) of 1990 and 763/(Ind) of 1990, respectively. The question of law proposed in t .....

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..... the decision of this court as in CIT v. Bhandari Capacitors Pvt. Ltd. [1987] 168 ITR 647. Indisputably, the question as proposed, thus, stands answered by this court against the Revenue, i.e., the applicant. The relevant decision is reported in CIT v. Bhandari Capacitors Pvt. Ltd. [1987] 168 ITR 647 (MP) : That being so, no referable question is in existence. The Income-tax Appellate Tribunal t .....

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