COMMISSIONER OF INCOME TAX Vs. N KISHORE SETTLEMENT

JUDGEMENT

(1.) These appeals are covered by the judgment dated September 26, 1996, Civil Appeal No. 3180 of 1992 titled CIT v. Sakarlal Balabhai and Co. Ltd., 1996 222 ITR 486, and connected matters wherein this court had set aside the orders passed by the High Court rejecting the applications of the Revenue filed under Section 256(2) of the Income-tax Act, 1961, and directed the Appellate Tribunal, Ahmedabad, to refer the questions of law in the different cases as specified hereinabove for the decision of the High Court and forward the same along with the statement of case and the relevant documents.

(2.) In the same terms these appeals are allowed and the orders of the High Court rejecting the applications of the Revenue filed under Section 256(2) are set aside and the Income-tax Appellate Tribunal, Ahmedabad, is directed to refer the following questions of law raised by the Revenue for the decision of the High Court and forward the same along with the statement of case and the relevant documents :

(3.) The Tribunal will take appropriate steps to enable the High Court to dispose of the matters finally. The appeals are allowed accordingly. No order as to costs.