1987 (6) TMI 6 - HC - Income Tax

Summary

The High Court of Kerala allowed the Revenue's petition regarding carrying forward a loss by an assessee in an income tax case for the year 1976-77. The court directed the Income-tax Appellate Tribunal to refer two questions of law for decision. The court emphasized the need for a fresh appraisal of relevant provisions of the Income-tax Act. (Case citation: 1987 (6) TMI 6 - KERALA High Court)