1992 (9) TMI 54 - HC - Income Tax

Summary

The High Court of Kerala dismissed the original petition under section 256(2) of the Income-tax Act, 1961. The court found that the questions raised were not questions of law but only questions of fact. The petition related to an assessment for the year 1975-76 and was filed in 1982, with 10 years having passed. The court upheld the decision of the Tribunal regarding the expenditure incurred by partners in a firm for earning share income.