1991 (4) TMI 29 - HC - Income Tax

Summary

The High Court of Allahabad rejected an application under section 256 of the Income-tax Act, 1961, regarding the validity of an assessment order issued without recorded reasons under section 148. The court found the assessment to be void and non est due to the lack of recorded reasons, affirming the decision of the Income-tax Appellate Tribunal. The application was dismissed, and the assessee was awarded costs of Rs. 125.