1992 (2) TMI 26 - HC - Income Tax

Summary

The High Court of Allahabad rejected the application filed by the Commissioner of Income-tax regarding a question on section 40(b) of the Income-tax Act, 1961 for the assessment year 1979-80. The court found that the question was already settled by a previous Supreme Court decision and therefore no statable question of law arose. The application was rejected with no order as to costs.