1985 (10) TMI 28 - HC - Income Tax

Summary

The High Court of Bombay addressed three questions regarding the conflict between sub-rule (3) of rule 19A of the Income-tax Rules, 1962, and section 80J of the Income-tax Act, 1961. The first two questions were answered in favor of the Revenue. However, the third question could not be answered due to lack of factual findings, prompting the Tribunal to provide a supplemental statement of case.