2001 (2) TMI 1035 - HC - Income Tax

Summary

The Kerala High Court judgment dealt with the Tribunal setting aside the order of the CIT(A) and restoring the issues to the file of the AO for settlement with the Settlement Commission. The Court held that the Tribunal's approach was wrong as it should have decided the appeal instead of facilitating settlement. The question of law was answered against the assessee and in favor of the Department.