COMMISSIONER OF INCOME TAX Vs. SIDHARTH FAMILY TRUST

JUDGEMENT

(1.) BY this application under S. 256(2) of the IT Act, 1961, in respect of the asst. yr. 1989-90, the Revenue seeks a direction to the Tribunal to refer the following question, stated to be a question of law, for the opinion of this Court :

(2.) AFTER hearing learned counsel for the parties, we are of the view that reference on the proposed question is not required to be called for. While setting aside the assessment for the relevant assessment year, the Tribunal has relied on its decision in the case of Vaishali Family Trust. In the case of the said trust (ITC No. 3/98), vide a separate order pronounced today [reported as CIT vs. Vaishali Family Trust (1999) 156 CTR (Del) 45], we have declined to call for reference. For the reasons stated in the said order, this application is also dismissed.