1991 (2) TMI 48 - HC - Income Tax

Balancing Allowance, Business Expenditure, Capital Or Revenue Expenditure, Income Tax Act, Income Tax Proceedings, Salary To Employee, Special Deduction, Surtax Assessment

Summary

The High Court of Allahabad directed the petitioner to file an application under section 154(1)(b) of the Income-tax Act within two weeks to challenge the disallowances made by the Assistant Commissioner of Income-tax. The Deputy Commissioner was ordered to consider the application and pass final orders within three weeks, with recovery of the enhanced tax stayed in the meantime. The writ petition was disposed of with these directions.