1985 (9) TMI 36 - HC - Income Tax

Summary

The High Court of Punjab and Haryana dismissed the Revenue's petition under section 256(2) of the Income-tax Act, 1961. The Tribunal's decision regarding cash payments and rule 6DD(j) of the Income-tax Rules, 1962 was upheld based on factual circumstances. The court found no merit in the petition and dismissed it.