- (1.) The High Court has rejected the application filed by the appellant under Section 256(2) of the Income-tax Act whereby directions were sought from the High Court for getting a statement of case from the Tribunal on the following two questions: (1) Whether on the facts and in the circumstances of the case, the Tribunal was legally justified in considering the miscellaneous application of the assessee and rectifying the original order beyond the time limit prescribed u/S. 264(2) of the I.T. Act, 1961? (2) Without prejudice to the above whether the Tribunal was justified in holding that there was really a mistake apparent from record in the original order."?
(2.) The circumstances under which the said application by the appellant was filed are as follows: The Tribunal passed an order on 12th June, 1978 with reference to the assessment years 1974-75 and 1975-76 with regard to unabsorbed depreciation and development rebate claimed by the assessee. At that time the Tribunal followed the judgment of this Court in "Camby Electric Supply Industrial Co. Ltd. v. Commissioner of Income-tax, Gujarat-II, (1978) 113 ITR 84 :(AIR 1978 SC 1099 : 1978 Tax LR 753) Subsequently the assessee filed an application under Section 256(2) of the Act relying upon the judgment of this Court in Rajapalayam Mills Ltd. v. Commissioner of Income-tax, (1978) 115 ITR 777 : (AIR 1979 SC 117 : 1979 Tax LR 1) and contended that the earlier decision of the Tribunal should be modified in view of the ratio of the judgment of this Court in later case. That contention was accepted by and the Tribunal passed an order on 27th October, 1983 changing the earlier order by granting the benefit of development rebate and depreciation claimed by the assessee.
(3.) The Revenue, aggrieved by the said order of the Tribunal sought to have the two questions, mentioned earlier, referred to the High Court. The High Court has dismissed the application on the only ground that there was a mistake apparent on the face of the order of the Tribunal passed earlier in 1978 and the question of time limit in passing the later order did not arise out of the order of the Tribunal. Both questions raised by the Revenue are questions of law which require to be considered by the High Court on reference. The question whether the Tribunal's earlier order of 1978 suffered from a mistake apparent when it followed the judgment of this Court in "Camby Electric Supply Industrial Co. Ltd's case (AIR 1978 SC 1099 : 1978 Tax LR 753) which was ruling the field at that time is definitely a matter to be considered by the High Court.;