1999 (4) TMI 53 - HC - Income Tax

Summary

The High Court of Kerala issued certificates of fitness for appeal to the Supreme Court under section 261 of the Income-tax Act, 1961. The cases involved the scope of Explanation 2 to section 13 in the context of the exclusion in section 13(1)(b) of the Act. The court found the question to be of general importance with no binding decision of the Supreme Court or other High Courts on the matter.