COMMISSIONER OF INCOME TAX Vs. PUSHPA MOHAN TRUSEE

JUDGEMENT

(1.) THE Tribunal, Delhi, has referred following question of law under s. 256(2) of the IT Act ,1961 (hereinafter referred to as the Act) for opinion to this Court : "Whether on the facts and in the circumstances of the case, the Tribunal was legally right in upholding the order of the Dy. CIT(A) whereby a direction has been made to make a substantive assessment in this case -

(2.) WE have heard Sri Shambhu Chopra, learned standing counsel for the Revenue. held the similar trust to be a valid trust. Thus the question referred to is answered in favour of the assessee and against the Revenue. There shall be no order as to costs.