1989 (7) TMI 55 - HC - Income Tax

Summary

The High Court of Kerala declined to answer a question of law referred by the Income-tax Appellate Tribunal regarding the application of section 68 of the Income-tax Act to cash credits found in the books of a firm where the assessee was a partner. The court held that the question did not arise out of the Tribunal's order as it was not raised or considered by the Tribunal. The judgment was delivered by Judge K.S. PARIPOORNAN.