1984 (2) TMI 355 - HC - Income Tax

Summary

The High Court of Bombay dismissed the application under section 256(2) of the Income-tax Act, 1961. Question 1 was decided in favor of the assessee based on a previous court decision. Question 2 was also decided in favor of the assessee as the Tribunal's finding was based on evidence and not challenged by the department. The Rule was discharged with no order as to costs.