1988 (3) TMI 7 - HC - Income Tax

Summary

The High Court of Allahabad directed the Income-tax Appellate Tribunal to draw up a statement of the case and refer two questions of law for the court's opinion. The questions related to the deductibility of expenses on the managing director's house and the taxability of excess price realized on sugar by the assessee-company. The court found that these questions arose out of the Tribunal's order. The application was partly allowed with no order as to costs. (Case citation: 1988 (3) TMI 7 - Allahabad High Court)