1987 (2) TMI 6 - HC - Income Tax

Summary

The Revenue's application under section 256(2) of the Income-tax Act was rejected by the High Court of Rajasthan. The Tribunal's decision to rectify the assessment order for the year 1972-73 was upheld based on facts and the Supreme Court decision in Mahendra Mills Ltd. v. P. B. Desai, AAC [1975] 99 ITR 135. The High Court found no question of law to refer to this court. The application was rejected.