COMMISSIONER OF INCOME TAX Vs. DHANRAJ MUNDRA

JUDGEMENT

(1.) THIS is an application under Section 256(2) of the Income-tax Act, 1961 (for short "the Act"), whereby the Commissioner of Income-tax, Udaipur, has sought for a direction to the Income-tax Appellate Tribunal to refer the following question of law to this court for determination :

(2.) HAVING heard learned counsel for the Revenue, we are of the opinion that the question raised is a question of law as it involves interpretation of statutory provision and effect of omission of Section 209A of the Act with effect from April 1, 1988, on the obligation of the assessee to furnish estimate of his income under Section 209A during the financial year relevant to the assessment year 1988-89, which requires consideration.