GHASIRAM TODARMAL Vs. INCOME TAX OFFICER

JUDGEMENT

(1.) IN these two applications for reference under Section 256(2) of the INcome-tax Act, 1961 (hereinafter referred to as "the Act"), the petitioner has challenged the order of the INcome-tax Appellate Tribunal, Jaipur Bench, Jaipur, dated August 14, 1991. The questions in respect of the assessment year 1983-84 and the assessment year 1984-85 are as under :

(2.) WHETHER, on the facts and circumstances of the case, the Tribunal was justified in ignoring the past history of the assessee ?

(3.) IN the case of Chhabildas Tribhuvandas Shah v. CIT [1966] 59 ITR 733, the Hon'ble Supreme Court held that the question whether the income, profits and gains can or cannot be properly deduced from the method of accounting regularly adopted by the assessee is a question of fact.