1996 (7) TMI 33 - HC - Income Tax

Summary

The High Court of Kerala directed the Income-tax Appellate Tribunal to prepare a detailed statement of the case and refer two questions regarding the applicability of section 209A of the Income-tax Act and the taxable income of the assessee for assessment year 1983-84. The Tribunal had canceled penalty proceedings and concluded that section 209A did not apply. The Court found these to be questions of law requiring consideration. The references from two related cases were to be heard together for a final decision.