1995 (3) TMI 24 - HC - Income Tax

Summary

The High Court of Madras dismissed the tax case petition as no referable question of law arose from the Tribunal's order. The dispute was regarding the assessee's status as a co-owner or an association of persons, with the Tribunal ruling in favor of the co-owner status based on previous assessments and following a precedent case. The Department's argument referencing previous cases was not considered relevant. The petition was dismissed with no costs.