1994 (4) TMI 6 - HC - Income Tax

Summary

The Revenue filed applications under section 256(2) of the Income-tax Act, 1961, related to assessments for the years 1971-72, 1972-73, and 1973-74, as well as penalty proceedings for 1973-74. The dispute involved partial partition of a Hindu undivided family, with the Tribunal accepting the plea of partial partition and directing deletion of income of the two sons. The High Court dismissed the applications, stating that no question of law arose.