1999 (2) TMI 21 - HC - Income Tax

Summary

The High Court of Madhya Pradesh dismissed the Revenue's applications under section 256(2) of the Income-tax Act, 1961. The dispute was about the genuineness of the firm, with different forums reaching different conclusions. The court affirmed that the firm was genuine and entitled to registration. The court did not find it necessary to refer the case to a higher court for opinion.