1991 (4) TMI 74 - HC - Income Tax

Summary

The High Court of Kerala allowed the original petition and directed the Income-tax Appellate Tribunal to refer two questions of law for the court's opinion. The questions relate to whether the Tribunal was justified in finding that the Income-tax Officer did not reject the books of the assessee and whether the income determined by the Officer should be considered as the reasonable business income for the assessment year.