1995 (4) TMI 9 - HC - Income Tax

Summary

The High Court of Delhi dismissed the petition seeking a direction to the Income-tax Appellate Tribunal to refer questions of law to the court for its opinion. The Tribunal concluded that the Commissioner of Income-tax (Appeals) did not explore a new source of income, and their directions did not amount to income enhancement. The High Court found the Tribunal's findings to be based on evidence and facts, thus declining to call for a reference on the proposed questions by the assessee. The petition was dismissed.