1993 (11) TMI 28 - HC - Income Tax

Summary

The High Court of Allahabad allowed four applications filed by the Commissioner of Income-tax, Agra, under section 256(2) of the Income-tax Act, 1961, related to assessment years 1953-54 to 1955-56 and 1958-59. The Income-tax Appellate Tribunal recalled its order and restored the appeals for fresh decision, ultimately allowing the appeals filed by the assessee. The High Court directed the Tribunal to refer three questions for its opinion.