COMMISSIONER OF INCOME-TAX Vs. HARI OM AGARWAL

JUDGEMENT

(1.) BY means of the present applications under Section 256(2) of the Income-tax Act, 1961, the Revenue has sought for the following questions of law to be referred to this court :

(2.) HAVING heard learned counsel for the applicant and after going through the impugned order passed by the Tribunal, we find merit in the present applications. The present applications are, accordingly, allowed and the Income-tax Appellate Tribunal is directed to draw up a statement of the case with regard to the aforesaid questions of law and submit the same to this court for its decision.