1989 (1) TMI 84 - HC - Income Tax

Summary

The High Court of Kerala directed the Income-tax Appellate Tribunal to refer questions of law arising from a case involving a discrepancy in the value of stock declared to the bank and the Income-tax Department. The Tribunal was asked to consider specific questions related to the assessment year 1976-77. The petition filed by the Revenue under section 256(2) of the Income-tax Act was allowed to this extent.