1989 (10) TMI 13 - HC - Income Tax

Summary

The High Court of Madhya Pradesh allowed the application under section 256(2) of the Income-tax Act, 1961. The court directed the Tribunal to refer the question of law regarding the expenditure incurred on royalty to Jaikishan and Jagdishchander for the use of goodwill of the National Soap Industry. The parties are to bear their own costs.