1988 (2) TMI 37

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..... d to as " the Act "). The material facts giving rise to this application briefly are as follows: The respondent-assessee owns a property known as " Jackson Hotel ". The property was initially taken on lease by the assessee but thereafter the assessee purchased that property in the year 1973. On August 1, 1976, the assessee executed a deed of lease whereby the property was let out on a monthly re .....

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..... unal. That appeal was allowed. The application submitted by the Revenue under section 256(1) of the Act for making a reference to this court was rejected. Hence, the Revenue has sought a reference in this application. Learned counsel for the Revenue contended that the question sought to be referred is a question of law and that the Tribunal was not justified in rejecting the application under se .....

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