1984 (12) TMI 4

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..... to why this petition should not be admitted, Learned counsel for the respondents is served and Shri Chitley appears for them. Learned counsel for the parties agree that the matter be finally heard and disposed of. It appears that the assessee has interest in two trusts, Sir Hukamchand Trust and Lady Kanchanbai Trust. The question that arose was whether he had this interest in his individual cap .....

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..... n the light of the decision of the Supreme Court in the earlier matter. Having heard learned counsel for the parties, in our opinion, a question of law does arise. It is, therefore, directed that the Income-tax Appellate Tribunal shall state a case and make a reference for answering the question "whether, on the facts and in the circumstances of this case, the Income-tax Appellate Tribunal was c .....

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