1983 (1) TMI 41 - HC - Income Tax

Summary

The court dismissed the application under s. 256(2) of the I.T. Act, 1961, where the assessee sought to refer questions of law regarding cash credits in their accounts. The Tribunal had directed a fresh consideration for some credits but confirmed lack of genuineness for others. The court found no legal question to address and dismissed the application, with each party bearing their own costs.