(1.) The Tribunal has referred the following two questions of law to this Court under Sec. 256(1) of the Income -tax Act, 1961 ('the Act').
(2.) If the answer to Question No. (1) is in the affirmative, then, whether, on the facts and in the circumstances of the case, the Tribunal was correct in cancelling the assessment made by the Income -tax Officer within four years from the end of the relevant assessment year on the basis of the return of income furnished by the assessee as void?
(3.) Before the Tribunal, it was contended on behalf of the ITO that on the facts of this case a valid notice has been issued by the ITO under Sec. 147 of the Act. It was also argued that the returns filed by the assessee were valid as these returns could have been filed voluntarily on the dates they were filed under the provisions of Sec. 139(4) of the Act.