1990 (5) TMI 7 - HC - Income Tax

Summary

The High Court directed the Tribunal to state a question under section 256(2) of the Income-tax Act regarding the disallowance of Rs. 50,000 paid to M/s. J. P. Mukherjee and Associates. The Tribunal remanded the matter back to the first appellate authority for a fresh decision. The income-tax application was allowed in part.