LAWS(ALL)-2000-2-1

PREM NARAIN BAJPAI Vs. COMMISSIONER OF INCOME TAX

Decided On February 04, 2000
PREM NARAIN BAJPAI Appellant
V/S
COMMISSIONER OF INCOME-TAX Respondents

JUDGEMENT

(1.) THE Income-tax Appellate Tribunal, Allahabad Bench, Allahabad, has referred the following questions of law under Section 256(1) of the Income-tax Act, 1961, for the opinion of this court :

(2.) THE aforementioned question of law is said to arise out of the order of the Income-tax Appellate Tribunal dated November 30, 1978, passed in ITA Nos. 1847 and 843 (Alld.) of 1976-77 relating to the assessment years 1973-74 and 1974-75.

(3.) WE have heard Sri Vikram Gulati, learned counsel for the applicant-assessee, and Sri Shambhu Chopra, learned additional standing counsel appearing for the Commissioner of Income-tax, U. P. Lucknow.