COMMISSIONER OF INCOME TAX Vs. ANAND AND COMPANY

JUDGEMENT

(1.) In this reference under Section 256(1) of the Income-tax Act, 1961, for the assessment year 1979-80, the following questions of law have been referred to this court:

(2.) Whether, on the facts and in the circumstances of the case, the Tribunal was justified in law in holding that the conditions for reopening the assessment under Section 147(b) of the said Act have not been satisfied in this case ?

(3.) Whether, on the facts and in the circumstances of the case, the Tribunal was justified in law in confirming the order of the Commissioner of Income-tax (Appeals) cancelling the assessment framed by the Income-tax Officer under Section 143(3)7148 of the said Act ?"