1991 (2) TMI 82 - HC - Income Tax

Summary

The High Court of Delhi dismissed the petition seeking reference of a question regarding the taxability of Rs. 20 lakhs received from the Cotton Textiles Export Promotion Council. The Tribunal found the amount to be a capital receipt and not taxable. The court held that the question was a pure question of fact and no reference was necessary. The petition was dismissed with no order as to costs.