1991 (1) TMI 73

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..... g counsel for the Revenue. Learned counsel contends that, on the date the Income-tax Officer invoked his power under, section 154 of the Act and passed the order, the decision of the Punjab and Haryana High Court taking a view contrary to the one taken by the Delhi and Calcutta High Courts was not there. In our opinion, the following two questions of law do arise from the order of the Tribunal a .....

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..... ion of India. Whether, on these facts, the Income-tax Appellate Tribunal was correct in law in holding that the provisions of section 154 did not apply because allowability of investment allowance to a cold storage plant was a disputable law point ?" Accordingly, this application is allowed and the Tribunal is directed to state the aforesaid two questions under section 256(2) of the Income-tax A .....

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