1991 (12) TMI 2 - HC - Income Tax

Summary

The High Court of Bombay allowed the Commissioner of Income-tax's application under section 256(2) of the Income-tax Act, 1961, to refer two questions of law regarding the admissibility of relief under section 23(1) for commercial shops. The Tribunal confirmed the relief for the assessee based on the property being registered as a commercial complex and not a residential unit. The application was allowed, and no costs were awarded.