1989 (9) TMI 32 - HC - Income Tax

Summary

The High Court dismissed the petition under section 256(2) of the Income-tax Act seeking reference on the deletion of additions from the assessment of the assessee regarding interest income. The Tribunal found that the interest income had already been taxed in the hands of another company, leading to the correct deletion of the income from the assessment of the assessee. The court held that no question of law arose and dismissed the petition.