1989 (1) TMI 82 - HC - Income Tax

Summary

The High Court of Allahabad directed the Income-tax Appellate Tribunal to refer a question of law regarding payments made in cash after banking hours under section 40A(3) of the Income-tax Act, 1961. The Tribunal was asked to determine if there were exceptional circumstances justifying the payments. The application was allowed in part, with each party bearing their own costs.