1994 (8) TMI 25 - HC - Income Tax

Summary

The High Court of Allahabad rejected an application under section 256(2) of the Income-tax Act, 1961, regarding the eligibility of deduction under sections 80HH and 80-I. The Tribunal allowed the assessee's claim, which the Revenue disputed due to pending appeals for previous assessment years. The High Court declined to make a reference, stating no question of law arose from the Tribunal's order. The application was rejected, and costs were imposed on the parties.