1989 (4) TMI 76 - HC - Income Tax

Summary

The High Court of Allahabad directed the Income-tax Appellate Tribunal to submit a statement of the case regarding the questions of law arising from the order passed by the Commissioner of Income-tax under section 263 of the Income-tax Act, 1961. The Tribunal's finding on the market value of plant and machinery was questioned for doubting without sufficient material.