COMMISSIONER OF INCOME TAX Vs. ELECTRA INDIA LTD

JUDGEMENT

(1.) THIS is an application under S. 256(2) of the IT Act, 1961 by the CIT praying that the Tribunal, Delhi Bench 'C', be directed to state a case and refer the following questions stated to be of law and to arise out of the Tribunal's order dt. 24th June, 1996 in cross-appeals being IT Appeal Nos. 2885 and 3157/De)/1991 for the asst. yr. 1984-85 for the opinion of this Court :

(2.) WE have heard Shri A.N. Mahajan, the learned standing counsel for the CIT and Shri R.R. Agarwal, the learned counsel for the assessee. We have also been taken through the order passed by the CIT(A) and by the Tribunal. As regards question No. 2, Shri Mahajan informs that this question has already been referred to this Court by the Tribunal under S. 256(1). Therefore, the application in this regard is not maintainable.