2008 (4) TMI 217

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..... MAR MITTAL , J. ( Oral )- This petition has been filed by the revenue under Section 256 (2) of the Income Tax Act, 1961 (hereinafter referred to as 'the Act'), for asking the Tribunal to refer the following question of law to this Court : "Whether on the facts and in the circumstances of the case, the Tribunal is right in law in holding that there is no justification for assessing interest amount .....

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..... ction 147 (a) of the Act were bad in law. 3. Counsel for the petitioner, on written instructions from the department, states that against the decision of the Tribunal in ITA No. 5223 (Del) 1990 for the assessment year 1976-77, in case of co-assessee Jainender Kumar Jain, probably no reference was filed and that decision has become final. 4. In view of the aforesaid fact and the law laid down in .....

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