(1.) THESE are five applications under S. 256(2) of the IT Act, 1961 (hereinafter called "the Act"), by the CIT praying that we direct the Tribunal (Delhi Bench) to draw up a statement of the case and refer it for our opinion on the following questions raised in each of the five applications, in respect of the asst. yrs. 1976 -77, 1977 -78 and 1978 -79 : " Income -tax Case No. 214 of 1986 :
(2.) INCOME -tax Case No. 215 of 1986 :
(3.) INCOME -tax Case No. 1 of 1987 :