1991 (11) TMI 20 - HC - Income Tax

Summary

The High Court of Allahabad dismissed the application as no question of law arose, and a pure finding of fact was recorded by the Tribunal regarding the investment made towards the construction of the house. The Department's question was not allowed to be referred to the court under section 256(1) of the Income-tax Act, 1961. The Tribunal accepted the case of the assessee based on the report of the approved valuer and other relevant materials.