COMMISSIONER OF INCOME TAX Vs. SHIVABHAI B PATEL

JUDGEMENT

(1.) FOR two asst. yrs. 1975 -76 and 1976 -77 a composite statement of case has been submitted and following questions of law have been referred by Tribunal, Ahmedabad Bench "C" arising out of its decision in IT Appeal Nos. 2240 and 2241/Ahd/1981 as required by the CIT, Ahmedabad:

(2.) THE facts relevant for the present purposes and out of which reference has been made may be noticed.

(3.) THE order of the Tribunal setting aside the order under S. 263 was subject -matter of IT Ref. No. 113 of 1982. The same has been decided by this Court on 8th Oct., 1993 answering the questions in favour of assessee and against the Revenue.