1990 (7) TMI 62 - HC - Income Tax

Summary

The High Court of Allahabad dismissed an application under section 256(2) of the Income-tax Act, 1961. The court held that the initiation of proceedings under section 147(a) was invalid as the assessee was not obligated to disclose gifts to his minor sons by a third party in the return. The court agreed with the Tribunal's decision and dismissed the application.