COMMISSIONER OF INCOME TAX Vs. SHRIKUMAR

JUDGEMENT

(1.) By way of this reference application filed under Section 256 (2) of the Income Tax Act, 1961, the revenue has canvassed that he submitted a reference application under Section 256 (1) of the Income Tax Act before Income Tax Appellate Tribunal, Jaipur Bench, Jaipur requesting the Tribunal to refer the following questions of law for the opinion of the High Court:-

(2.) Despite the aforesaid questions being the pure questions of law which needed adjudication thereof, the learned Appellate Tribunal rejected the reference application on 13th October, 1993. The revenue has prayed that the reference application be allowed and the Tribunal may be directed to refer the aforesaid questions of law along-with statement of the case for the decision by this Court.

(3.) Heard learned counsel for the parties and carefully perused the relevant material on record.