1990 (5) TMI 39 - HC - Income Tax

Summary

The High Court of Allahabad rejected the application under section 256(2) of the Income-tax Act, 1961. The questions referred included the power of the Appellate Assistant Commissioner to enhance sales, adoption of sales estimated by the Sales Tax Tribunal, and the relevance of inferences drawn in sales tax proceedings for income-tax proceedings. The court held that the appellate authority can enhance tax, the order of the Tribunal was correct in adopting sales estimates, and the inferences from sales tax proceedings were relevant. The petition was rejected.