1992 (9) TMI 9 - HC - Income Tax

Application For Rectification High Court Investment Allowance Original Order Question Of Law Rectification Of Mistakes Rectification Proceedings

Summary

The High Court of Bombay rejected an application under section 256(2) of the Income-tax Act, 1961, regarding investment allowance eligibility. The Tribunal's decision was upheld, stating that there was no mistake apparent on the face of the record. The court also cited relevant case law to support its decision. The application was ultimately rejected with no costs awarded.