1988 (1) TMI 25 - HC - Income Tax

Summary

The High Court of Madhya Pradesh allowed the applications under section 256(2) of the Income-tax Act, 1961. The court directed the Tribunal to refer the question of law regarding the deductibility of commission paid by the assessee to M/s. Vallabh Textile & Wool Traders for its opinion. The Tribunal's decision to delete the additions made by the Income-tax Officer was questioned by the Revenue.