9911796707
TMI Blog2004 (5) TMI 14X X X X Extracts X X X X X X X X Extracts X X X X ..... t the instance of the Revenue (Income-tax Department) under section 256(2) of the Income-tax Act, 1961, requesting this court to direct the Income-tax Appellate Tribunal to refer the questions of law which according to the Revenue does arise out of the order, dated August 25, 1993, passed by the Tribunal in ITA No 1133/Ind/1989. Heard Shri R.L. Jain, learned counsel for the applicant and Shri Jos ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Court or by the jurisdictional High Court (M.P.) and when it involves some interpretation of a section of the Act on the admitted facts emerging from the record of the case, then in our opinion, the question proposed does satisfy the test of it being a question of law for being referred to this court for answer. It may be that the view taken by the Tribunal may eventually be upheld by the High Co ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lding that he is entitled to get the benefit of section 54F ibid while determining his taxing liability, yet in our opinion, it would be proper if the issue is examined by this court in its reference jurisdiction. We accordingly allow the application and direct the Tribunal to refer to this court the following two questions of law by taking recourse to the provisions of section 256(2) ibid: " (i ..... X X X X Extracts X X X X X X X X Extracts X X X X
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