1995 (8) TMI 50 - HC - Income Tax

Summary

The High Court of Allahabad heard an application under section 256(2) of the Income-tax Act, 1961. The court identified two questions of law arising from the order passed by the Income-tax Appellate Tribunal related to deductions for interest on excess levy sugar price and addition of funds in Molasses Storage and Maintenance Fund account. The Tribunal was directed to refer these questions to the court.