1977 (12) TMI 24 - HC - Income Tax

Summary

The High Court of Allahabad allowed the application with costs and directed the Tribunal to state the case for the opinion of the court regarding two questions of law arising from the appellate order. The questions relate to separate assessments for different periods and the reconstitution of the assessee-firm under the Income-tax Act, 1961. The court noted a conflict of opinion between High Courts on the second question, which necessitated a reference to the court for clarification.