1990 (8) TMI 35 - HC - Income Tax

Summary

The High Court of Delhi dismissed the petitioner's request for reference of questions related to an alleged profit of Rs. 3,41,655. The Tribunal found that the income had accrued from a forward transaction in goods with a party named Daulat Ram Nathu Mal and belonged to the petitioner, not Smt. Gitesh Bansal. The Tribunal's conclusions were based on evidence, and no legal questions were identified. The petition was dismissed.