1988 (2) TMI 10 - HC - Income Tax

Summary

The High Court of Calcutta rejected the Revenue's application under section 256(2) of the Income-tax Act, 1961 regarding the deletion of a sum under section 40A(5). The decision was based on precedents set by earlier court cases. The Full Bench of the Kerala High Court had a different view, but the Calcutta High Court upheld its own decisions. Justice Shyamal Kumar Sen agreed with the judgment.