2011 (3) TMI 1773 - HC - Income Tax

Summary

The Gujarat High Court admitted a Tax Appeal to consider questions of law regarding the validity of Circular No. 2 of 2002 of the CBDT in relation to income taxation and accounting methods. The appeal also questioned the Appellate Tribunal's decision on the assessment of income from certain financial instruments. The case was to be heard along with Tax Appeal No. 1442 of 2008.